Hello, Guest!
  • Tuesday, November 5, 2024

Raytheon Gets $77M Air Force Contract Option to Produce Lot 4 SDB II Munitions, Equipment


The U.S. Air Force has awarded Raytheon (NYSE: RTN) a $77.3 million contract option for the low-rate initial production of lot 4 Small Diameter Bomb II munitions.

Raytheon’s missile systems business will manufacture 570 SDB II units along with 524 single and dual weapon containers under the exercised option, the Defense Department said Tuesday.

The sole-source award will also fund 20 production reliability incentive demonstration effort captive vehicles, 24 SDB II lot 3 weapon load crew trainers, conventional munitions maintenance trainers and supplementary data.

The Air Force will obligate the full amount of the contract option from its fiscal 2017 and fiscal 2018 missile procurement funds at the time of award.

Work is scheduled to be complete by July 31, 2020.

Video of the Day

Related Articles

Senate Confirms Mara Karlin as DOD Strategy Lead Executive Moves

Senate Confirms Mara Karlin as DOD Strategy Lead

Mara Elizabeth Karlin, principal deputy assistant secretary for international security affairs at the Defense Department, was confirmed by the Senate to serve as DOD’s assistant secretary for strategy, plans and capabilties. Senators approved the nomination by voice vote Monday, following a series of congressional events that took place since the White House announced President Joe

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract News

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract

Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescription drugs to beneficiaries through mail

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy News

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy

Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace domains rely on EMS and the 2020 Electromagnetic