Hello, Guest!
  • Friday, November 22, 2024

Navy Awards Raytheon $367M Close-In Weapon System Modernization Contract


Jeff Brody

Raytheon (NYSE: RTN) has secured a potential four-year, $367.2M contract from the U.S. Navy to update a radar-guided missile defense system and related hardware for domestic and foreign military customers.

The sole-source contract has a $199.6M base value and includes system overhaul work on the Phalanx MK 15 Close-In Weapon System designed to detect and counter incoming anti-ship missiles, the Department of Defense said Friday.

Fiscal 2019 U.S. Army and Navy funds as well as foreign military sales funds from the U.K. and Saudi Arabia will be obligated to cover the firm-fixed-price contract™s base amount.

The Pentagon expects contract work to be complete by October 2023. CIWS is a computer-controlled gun used on Navy surface combatant ships and on similar vessels of 24 U.S. allies. The Army uses the system on ground to counter incoming rounds.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract News

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract

The U.S. Air Force has begun seeking proposals for a potential $5.7 billion follow-on multiple-award contract to provide combat air forces contracted air support services to help protect U.S. assets against advanced airborne threats. CAF CAS II seeks to procure non-personal services for realistic advanced adversary air threats and close air support threats to support

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,