Raytheon Wins $79 Million to Help Pentagon See Better in the Dark
The Department of Defense announced 64 separate contract awards worth $3.51 billion Wednesday. Of these, defense contractor Raytheon won two:
- a $65 million contract to perform analysis, research and development, procurement, production, sustainment, and training work for the U.S. Army Program Manager for Special Programs. Specifically, Raytheon will be doing work on 24 new Multi-Spectral Targeting Systems (MTS)-B High-Definition Infrared (HD-IR) turrets that will be installed aboard MQ-9 Reaper drones built by General Atomics. This work should be completed by May 30, 2015.
- a $14 million delivery order instructing Raytheon to repair AN/AAS-44(V) forward-looking infrared radar (FLIR) systems installed aboard Sikorsky H-60 series helicopters for the U.S. Navy. This work should be completed by Sept. 30, 2014.
The two projects combined should result in $79 million in incremental revenues for Raytheon.
The article Raytheon Wins $79 Million to Help Pentagon See Better in the Dark originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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