- Raytheon (NYSE:RTN) has awarded CPI Aerostructures (NYSEMKT:CVU) modified purchase orders totaling $12.5M related to the Engineering and Manufacturing Development phase of Next Generation Jammer Mid-Band.
- Previously, Raytheon awarded CPI Aero a $4M contract for pod structural housings in July 2016 and a $2.7M contract in September 2016 to manufacture Air Management System door and duct assemblies that are installed within the pod housing.
- The contract modifications announced today are for work scope changes associated with these earlier contracts, including additional systems integration efforts that will be performed during CPI Aero's build-up of the pod assembly.