Raytheon Receives $147M Navy Contract to Update Coyote UAS Design

Raytheon Technologies (NYSE: RTX) has secured a $146.7 million contract from the U.S. Navy to update the Coyote unmanned aircraft system with intelligence, surveillance and renaissance and precision strike technologies.

The company will finalize the Coyote Block 3 configuration and conduct flight tests in support of developmental testing and operational demonstrations for the Navy’s Future Advanced Strike program, the Department of Defense said Thursday.

Under the cost-plus-fixed-fee contract, Raytheon will also develop technical data packages and test assets as well as test support equipment.

Coyote Block 3 will include a new launch module, an enhanced payload air system and a fire control system.

The award has an 18-month base period with three option years. Work will occur in Tucson, Arizona, and San Luis Obispo, California, through Dec. 25, 2024.

The Office of Naval Research will obligate $44.5 million using the branch’s fiscal 2023 research, development, test and evaluation funds.

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