Raytheon Gets $427M Army Sensor Payload, Engineering Support Contract

Raytheon (NYSE: RTN) has secured a five-year, $427.3M contract to provide the U.S. Army with engineering support services, common sensor payload platforms and spare parts. Army Contracting Command received one bid for the cost-plus-fixed-fee and firm-fixed-price contract, the Department of Defense said Friday.

The service branch will determine work locations and obligate funds upon award of each task order and expects work to conclude on Sept. 12, 2024.

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