Tuesday, March 24, 2015

Contract: Raytheon, $529M

Raytheon Co., Raytheon Missile Systems, Tucson, Ariz., has been awarded a $528,797,459 fixed-price incentive firm contract modification (P00004) to exercise the option on previously awarded contract FA8675-15-C-0022. Contractor will provide Advanced Medium Range Air to Air Missile (AMRAAM) Lot 29 production and other AMRAAM system items. Work will be performed at Tucson and is expected to be complete by Jan. 31, 2018. This contract involves foreign military sales. Fiscal year 2015 Air Force and Navy production funds in the amount of $294,661,588 are being obligated at the time of award. Air Force Life Cycle Management Center, Eglin Air Force Base, Fla., is the contracting activity. (Source: DoD, 03/24/15)