Raytheon Wins 3 Defense Contracts Worth $196 Million Combined

The Department of Defense announced 16 new defense contracts worth a combined $712.1 million on Tuesday. Raytheon won three of them -- including the day's biggest award.

Worth $172.7 million, the award in question modifies an existing contract for the supply the U.S. Missile Defense Agency with AN/TPY-2 multi-function, X-band radar systems, and spare parts for same. Delivery under the contract will now be extended from December 2013 through March 2016, and the contract's value increases to more than $753.4 million.

Raytheon won the following awards:

  • $16.3 million: another contract modification, this one for the performance of maintenance work on U.S. Navy Standard Missiles, and all-up-round recertifications of same. All work is to be completed by December 2014.
  • $6.9 million: also a contract modification, this one relating to Taiwan Surveillance Radar program follow-on support related to system upgrades under a foreign military sales contract. Raytheon is creating a controlled site-like testing environment for "build deployment" and system troubleshooting for the Taiwanese system, and is expected to complete its work by Nov. 8, 2017.

The article Raytheon Wins 3 Defense Contracts Worth $196 Million Combined originally appeared on Fool.com.

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