RTN - Missile Defense Agency awards Raytheon $1 billion Standard Missile-3 IIA contract
TUCSON, Ariz., Dec. 23, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded the following Standard Missile-3 Block IIA contract as announced by the U.S. Department of Defense on Dec. 20, 2019.
Raytheon Missile Systems, Tucson, Arizona, is being awarded a $1,022,573,692 sole-source, cost-plus-incentive-fee, cost-plus-fixed-fee modification under previously awarded contract HQ0276-15-C-0003. The purpose of this modification is to: (1) definitize the previously awarded SM-3 Block IIA fiscal 2018 undefinitized contract action (UCA) under contract line item numbers (CLINs) 0014 and 0015 for U.S. and Foreign Military Sales (FMS) All-Up Rounds (AUR)s production with a total value of $650,638,397; (2) award the fiscal 2019 SM-3 Block IIA U.S. and FMS AURs under CLINs 0016 and 0017 for a total value of $590,322,857; and (3) establish option CLINs 0018 and 0019 for the fiscal 2020 SM-3 Block IIA U.S. and FMS AUR production for a total value of $435,978,438. Under this modification, the contractor will provide the management, material and services associated with the procurement, manufacture and assembly for a total of 62 SM-3 Block IIA AURs, inclusive of all options. This modification increases the total cumulative face value of the contract by $1,022,573,692 from $1,467,045,869 to $2,489,619,561. The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity.
About Raytheon
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.
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