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Tag: Raytheon

Raytheon to provide GPS-guided artillery shells

Raytheon to provide GPS-guided artillery shells

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Dec. 22 (UPI) -- Raytheon was awarded a modified contract from the U.S. Army for M982 Excalibur projectiles.The terms of the deal were made public in a press statement released Thursday by the Department of Defense. The contract is worth more than $ 70.6 million.The M982 Excalibur is a 155mm, extended range, GPS-guided artillery shell. It's commonly used in indirect fire support missions within 500 feet.Work on the contract will occur in several states in the United States, Sweden and the United Kingdom, and is expected to be completed by January 2020, according to the Pentagon press release.More than $ 70.6 million from U.S. Army other procurement funds from fiscal year 2016 and 2018 will be obligated to Raytheon at the time of award, according to the release.Let's block ads! (Why?) Busi...
Raytheon contracted to support anti-ship missile system

Raytheon contracted to support anti-ship missile system

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Dec. 15 (UPI) -- Raytheon Missile Systems has been awarded a modified contract from the U.S. Navy for support services on the Rolling Airframe Missile Mark-31 Guided Missile Weapon System.The deal, announced Thursday by the Department of Defense, is worth more than $ 22.5 million under a cost-plus-fixed-fee modification to a previously awarded contract, which is a cost-reimbursement contract that would potentially reimburse Raytheon on cost overruns.Generally, the reimbursement fee is negotiated at the inception of the contract. The deal taps Raytheon to aid the U.S. Navy's Rolling Airframe Missile upgraded MK-31 Guided Missile Weapon System Improvement program by "exercise options for design agent and engineering support services."The services procured under the previous contract provide ...
Raytheon to support inventory management for Army

Raytheon to support inventory management for Army

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Dec. 12 (UPI) -- Raytheon has been awarded a modified contract for Patriot performance based logistics support for inventory management for the U.S. Army.The contract, announced Monday by the Department of Defense, is worth more than $ 28.7 million and modifies the terms of a $ 36.4 million contract from December 2016.The deal also includes "the repair and replacement of 136 stock and parts associated with Patriot performance based logistics."Performance based logistics is a key Defense Department strategy that aims to deliver "an integrated, affordable, support solution to optimize system readiness."Work on the contract will be performed in Andover, Ma., and will be completed in December 2018.U.S. Army working capital funds from fiscal 2018 of more than $ 28.7 million were obligated to Ra...
Raytheon forms new company in United Arab Emirates

Raytheon forms new company in United Arab Emirates

Business
Dec. 8 (UPI) -- Raytheon has started a subsidiary in the United Arab Emirates that will focus on cybersecurity, effectors, air defense and sustainment, and advanced technology.Named Raytheon Emirates, the new wholly-owned subsidiary coincides with Raytheon's 30th anniversary of partnership with the UAE, the company announced on Thursday."The establishment of Raytheon Emirates is a strong step forward in our longstanding alliance with the United Arab Emirates," Thomas A. Kennedy, Raytheon's chairman and chief executive officer, said in a press release. "Through partnerships with government, industry and academia, Raytheon is committed to helping the UAE achieve its economic goals while providing trusted, innovative solutions that support the nation's defense and security requirements."The n...
Raytheon tapped to provide radar system for DDG-127

Raytheon tapped to provide radar system for DDG-127

Business
Dec. 4 (UPI) -- The Department of Defense has tapped Raytheon for provide one Army, Navy Joint Electronic Type Designation System, or AN/SPY-1, Radar for the unnamed Arleigh Burke DDG-127 U.S. Navy destroyer.The deal, announced Friday, is worth more than $ 48.6 million under an undefinitized contract action that modifies the terms of a previous award contract.Almost 80 percent of the work on the contract will be performed in Andover, Mass., and the rest in other locations across the United States, and is expected to be completed by January 2020.The AN/SPY-1 Radar supports the Aegis Ballistic Missile Defense System at sea and on land. The U.S. Navy employs the radar system in both cruisers and destroyers, due to the system being capable of continuously provide radar surveillance while autom...