Raytheon (RTX) secures $77 million DoD contract for GPS receivers

Investing.com -- Raytheon Co. (RTX)(NYSE: RTX) has been awarded a $77,204,209 requirements contract by the U.S. Department of Defense for Miniaturized Airborne Global Positioning System Receiver (MAGR) production and sustainment.

The contract covers repairs, production, sustainment, and engineering services for the MAGR-2K and 2K-M receivers. Work will be performed at Raytheon facilities in El Segundo, California, and Huntsville, Alabama.

The project is scheduled to be completed by June 30, 2031. The contract also includes provisions for potential Foreign Military Sales to various partner nations in the future.

The Air Force Life Cycle Management Center at Robins Air Force Base, Georgia, is managing the contract, which was awarded as a sole-source acquisition. No funds will be obligated at the time of the award.

The contract number is FA8576-25-D-0002.

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