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Raytheon wins $114M contract by U.S. Navy

Published 12/20/2018, 03:27 PM
© Reuters.  Raytheon wins $114M contract by U.S. Navy
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  • Raytheon (RTN -2.4%) has been awarded a ~$114M cost-plus-fixed fee, firm-fixed-price, cost contract for air and missile defense radar AN/SPY-6(NYSE:V) integration and production support efforts.
  • Work will be performed in Marlborough, Massachusetts (64%); Kauai, Hawaii (18%); Portsmouth, Rhode Island (8%); San Diego, California (7%); Fair Lakes, Virginia (2%); and Moorestown, New Jersey (1%), and is expected to be completed by December 2019.
  • This contract includes options which, if exercised, would bring the cumulative value of this contract to ~$358M.
  • Now read: Visa In 2019: Considerations And Calculations


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