Raytheon lands potential $466M missile engineering contract
By
Ross Wilkers
Raytheon will carry out engineering and technical services on three types of ship-based missile defense weapons under a potential four-year, $466 million contract.
Raytheon has received a potential four-year, $466 million contract to perform engineering and technical services on the U.S. Navy’s Standard Missile-2, SM-3 and SM-6 ship-based missile defense interceptors.
This latest cost-plus-fixed-fee award has a base value of $113.2 million and includes options that would extend the contract to its full ceiling value.
Contract work will include research-and-development, engineering, evaluation, component update and production proofing services.
Eight countries outside the U.S. have deployed SM-2 weapons on vessels for air defense: Australia, Canada, Germany, Japan, Korea, the Netherlands, Spain and Taiwan.
Japan and the U.S. have adopted SM-3, while those countries use SM-6 alongside Australia and South Korea.
Approximately $2.6 million in funds have been obligated at the time of award and will not expire at the end of the current federal fiscal year.