Raytheon awarded $160.17M by U.S. Navy

Sep. 21, 2022 5:17 PM ETRaytheon Technologies Corporation (RTX)By: Dania Nadeem, SA News Editor2 Comments
  • Raytheon Co (NYSE:RTX) has been awarded awarded a $160.17M firm-fixed-price, cost-plus-fixed-fee, and cost-only contract for Dual Band Radar (DBR) design agent and technical engineering efforts.
  • Engineering efforts and supplies are required to support the DBR systems installed aboard CVN-78 and DDG-1000 class ships.
  • This contract includes options which, if exercised, would bring the cumulative value of the contract to $440.64M.
  • If all options are exercised, work will continue through September 2027.

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