Raytheon Wins $204 Million to Boost U.S. Nuke Comms System, Foreign E-Warfare
The Department of Defense announced 24 new defense contracts Monday, with a combined value of $1.66 billion. Raytheon won two of them:
- A $134.4 million fixed-price-incentive (firm target) contract for the design and development of Global Aircrew Strategic Network Terminals Increment I, with firm-fixed-price and cost-plus-fixed-fee options for production, installation, and sustainment. Global ASNT Increment I is intended to be a secure, survivable multi-path communication system used to disseminate nuclear command and control messages from the highest levels of government down to wing command posts and bomber, tanker, and reconnaissance aircrews at geographically dispersed locations. Raytheon's work on the design and development phase is expected to be complete in December 2016. Work on the subsequent production, installation, and sustainment options, if these are exercised, will extended into December 2020.
- A firm-fixed-price, sole-source, foreign military sales contract, not-to-exceed $70 million in value, to supply the governments of Egypt, Iraq, and Morocco with 11 entire Advanced Countermeasures Electronic Systemssystems and multiple replaceable parts thereto, to be used as spare parts. Delivery of these systems and parts is due March 2017. ACES is electronic warfare equipment used to jam hostile anti-aircraft missiles and anti-aircraft radar targeting systems.
The article Raytheon Wins $204 Million to Boost U.S. Nuke Comms System, Foreign E-Warfare originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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