Raytheon (RTX) receives $51.9 million contract modification

DoD announced the RTX (NYSE: RTX) contract modification:

"Raytheon Co., Tucson, Arizona, is awarded a $51,901,614 modification to a previously awarded cost-plus-fixed-fee, cost-only and firm-fixed-price indefinite-delivery/indefinite-quantity contract (M67854-21-D-0073) for the production and delivery of full rate production Stinger Air-to-Air Launchers, ancillary support equipment training, associated engineering services for integration activities, and parts obsolescence management and engineering services to identify, track, design and source replacement parts as required to resolve obsolescence issues in support of the Program Manager Ground Based Air Defense, Marine Air Defense Integrated System. The cumulative value of the contract is $96,250,000. Work will be performance in Tucson, Arizona (66%); and Diné, New Mexico (34%), with an expected completion date of September 2026. No funds will be obligated at time of award. Funds will be obligated on individual task and delivery orders as they are issued. This contract was a sole source acquisition pursuant to Federal Acquisition Regulation 6.302-1. Marine Corps Systems Command, Quantico, Virginia, is the contracting activity (M67854-21-D-0073 P00015)."

You May Also Be Interested In

• Tenable Holdings, Inc. (TENB) to Join S&P SmallCap 600
• Patterson-UTI Energy (PTEN) files mixed shelf
• Treasure Global signs $3M software deals with three developers