Raytheon Wins $90 Million in Defense Contracts Thursday

Rich Smith, The Motley Fool
Updated
Raytheon Wins $90 Million in Defense Contracts Thursday

The Pentagon announced 86 separate contract awards on Thursday worth a combined $7.55 billion. Of these contracts, Raytheon won five:

  • a $34.6 million cost-plus-incentive-fee delivery order to pay for flight testing on the AN/APG-79 Active Electronically Scanned Array Radio Detection and Ranging General Purpose Processor upgrade for Navy F/A-18E/F fighter-bombers through August 2016;

  • a $33.4 million firm-fixed-price contract to support the LGM-30G Minuteman III Missile MEECN (Minimum Essential Emergency Communication Network) program and Minuteman MEECN program upgrade through Sept. 26, 2016;

  • an $8 million firm-fixed-price contract to supply the U.S. Marine Corps with Tube-Launched Optically Tracked Wireless Guided Missiles;

  • a $7.1 million contract modification to supply the U.S. Army with 15 Air Traffic Navigation, Integration and Coordination System ES-19 retrofit upgrade kits, and spare parts; and finally

  • a $6.8 million firm-fixed-price, cost, cost-plus-fixed-fee delivery order to supply eight Telemetry Instrumentation Kits needed for Navy F-35 Lightning IIs testing Joint Stand-off Weapon Separation Test Vehicles. This contract should be complete by June 2015.

The article Raytheon Wins $90 Million in Defense Contracts Thursday originally appeared on Fool.com.

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