Raytheon (NYSE: RTN) has won two contract modifications worth approximately $267 million combined to continue acquiring materials for, perform integration on and produce Standard Missile-3 weapons for the U.S. Missile Defense Agency.
A $218, 530, 196 award for materials and integration work increases that contract’s value to $397, 976, 449, while a second $48, 944, 077 modification increases that contract’s value to $1, 958, 466, 947, the Defense Department said Tuesday.
The first contract modification for materials and integration services covers work for up to 29 All Up Rounds SM-3 Block IB missiles through Sept. 30, 2016.
Under the second award, the company will manufacture four missiles through Sept. 30, 2015.
MDA is allocating fiscal year 2013 defense-wide procurement funds for these awards and no funds will expire at the end of the current fiscal year, the Pentagon said.
