Raytheon nabs $316.5M Navy contract for missile engineering services

Raytheon Missile Systems has won a $316.5 million sole-sourced contract with the U.S. Navy for standard missile engineering and technical services.

The cost-plus-fixed-fee contract has a base of $75.9 million.

Under it, Raytheon will provide research and development; design, systems and production engineering; technical services; evaluation services; component improvement services; and production proofing services, the Defense Department said.

These services will be provided in support of missile producibility, missile production and shipboard integration.

Work will be performed in Tucson, Ariz., Andover, Mass., Huntsville, Ala., Arlington Va., Camden, Ark., and White Sands, N.M., and is expected to be completed by December 2017.

Funds in the amount of $33 million were obligated at the time of the award, $1.6 million of which will expire at the end of fiscal 2013.