Raytheon Wins $2.1 Bn Deal for SM-3 Block IB Missiles

Raytheon Missile Systems, Tucson, Arizona, is being awarded a sole-source, multi-year contract for $2,139,779,656.

This contract is a hybrid of fixed-price incentive, firm-fixed-price, and cost-plus-fixed-fee. This multi-year contract is for fiscal years (FY) 2019-2023.

Under this contract, the contractor will provide the management, material and services associated with the procurement, manufacture and assembly of the Standard Missile-3 Block IB all up rounds for the U.S. and Foreign Military Sales (FMS) partners.

Work will be performed in Tucson, Arizona; and Huntsville, Alabama, with a period of performance from contract award through March 26, 2027. FY 2019 and 2020 procurement, defense-wide and FMS funds in the amount of $1,052,637,366 will be obligated at time of award.

The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity (HQ0851-20-C-0002).

-ends-

Let's block ads! (Why?)

from Defense Aerospace - Press releases https://ift.tt/2QPZm9u
via Defense