Raytheon gets USD163m AMRAAM contract

7 July 2014

Raytheon Company (NYSE: RTN) said it was awarded a USD163,223,113 fixed-price/fixed-price-incentive/cost-plus-incentive contract for advanced medium range air-to-air missiles program support and sustainment.

The contract provides sustaining engineering, program management, contractor logistics support and accomplishes the diminishing manufacturing sources and material shortage tasks of extending the life of the AMRAAM central processing unit, improving the AMRAAM guidance section within the current performance envelope and developing applicable test equipment.

Work will be performed at Tucson and is expected to be completed by Jan. 31, 2017. This award is the result of a sole source acquisition. This contract includes both US and foreign military sales repair and service requirements.

Raytheon is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Its website is at www.raytheon.com and on Twitter @Raytheon.

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