Hello, Guest!
  • Friday, November 15, 2024

Raytheon Gets $396M Navy Modification to Procure Standard Missile-6 Production Materials


Raytheon‘s (NYSE: RTN) missiles systems business has received a $395.5M contract modification to procure materials and spares needed for fiscal 2017 through 2018 production of the Standard Missile-6.

The award holds options that may raise the previously awarded contract’s maximum potential value to $579.7M, the Defense Department said Friday.

The company will perform work in Arkansas, Arizona, Massachusetts, Ohio, California, Alabama, Texas, the U.K. and other locations through September 2022.

The Navy will obligate $484.4M in weapons procurement funds allotted for fiscal 2017 through 2018.

The SM-6 is usable in active and semi-active radar modes, and incorporates advanced fuzing techniques.

The service branch intends to arm Aegis-equipped cruisers and destroyers with new SM-6 warheads that will feature an anti-surface function.

Video of the Day

Related Articles

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech Contract Awards

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech

Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024,

Deloitte Secures Potential $100M Navy OTA for Digital Manufacturing Data Vault Contract Awards

Deloitte Secures Potential $100M Navy OTA for Digital Manufacturing Data Vault

Deloitte Consulting will provide advanced manufacturing support and enterprisewide digital manufacturing data vault capabilities and services under a potential seven-year, $99.8 million other transaction production agreement with the U.S. Navy. The majority of the contract work will occur in Arlington, Virginia, through April 2031, the Department of Defense said Thursday. Under the single-award agreement, the

Diving Into 3 Key Navy Modernization Strategies DOD

Diving Into 3 Key Navy Modernization Strategies

Modernization is a top priority for the Department of Defense, and many department-wide modernization initiatives are currently underway. Though these efforts have a broad reach across the organization, individual DOD components are supplementing them with tailored approaches to their own specific challenges. To address the unique demands of shifts in the maritime environment, the Department