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  • Saturday, November 23, 2024

Raytheon Books $68M DLA Task Order for GPS Receivers, Inventory Services

A Raytheon Technologies (NYSE: RTX) subsidiary has received a potential $68.4 million task order under a six-year contract from the Defense Logistics Agency for delivery of GPS receiver parts and provision of vendor-managed inventory services.

Raytheon Intelligence and Space will conduct work in California through May 13, 2022, as part of the firm-fixed-price task order, the Department of Defense said Tuesday.

The one-year, sole-source award is a one-time procurement and includes nine one-year option periods. It is funded using the fiscal 2021 procurement budget, and operation and maintenance allocation.

DLA’s land and maritime unit awarded the task order whose using military services are the U.S. Air Force, Army and Navy.

The multiyear contract has a four-year option period.

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