A Standard Missile-3 (SM-3) is launched from the guided missile cruiser USS Lake Erie, during a joint Missile Defense Agency, U.S. Navy ballistic missile flight test. (Image: Lt. Chris Bishop Deputy Director, U.S. Navy)
Raytheon Missile Systems will be awarded two large United States military contracts, including a $543.3 million modification to a Missile Defense Agency contract for 17 Standard Missile-3 (SM-3) Block IIA missiles, according to the U.S. DoD’s Tuesday digest of contracts.
The company’s work for the Missile Defense Agency deal involves the manufacturing, assembly, testing, and distribution of the missiles.
Including the modification, the total value of the contract is $630.3 million. The labor will be performed in Tucson, Ariz., and should be finished in March 2020.
Raytheon Missile Systems is also being awarded a $98 million Navy contract for 120mm Precision Extended Range Munition (PERM), a delivery that will give the Expeditionary Fire Support System a long range, guided, precision-capable projectile, with enhanced deadliness. Raytheon will provide production verification, production order, and documentation.
The indefinite-delivery/indefinite-quantity contract has a 60-month-long effective period, broken into five 12-month ordering periods. The first ordering period is worth $13.2 million, funding for which will not expire at the end of the 2015 fiscal year. The labor will be performed at various locations throughout the U.S., and should be finished by December 2020.
Filed Under: Aerospace + defense
