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Raytheon Wins Cyber-War, Missile Contracts Worth at Least $105 Million
by
Rich Smith, The Motley Fool Jun 2nd 2013 11:15PM
Updated Jun 3rd 2013 1:05AM
Raytheon landed a trio of Pentagon contracts Friday, worth more than $105 million combined. In ascending order of value, they consisted of:
A $9.8 million cost-plus-fixed-fee contract for "Plan X" mission
execution software. This contract aims to design and develop a "runtime
environment" for executing "cyber operations mission scripts" --
beginning to standardize how cyber warfare operations might be conducted
in the future. Raytheon's involvement in this contract will be
completed by Oct. 31, 2017.
A $19.6 million modification to a previously awarded
cost-plus-fixed-fee, firm-fixed-price contract to perform design and
engineering analysis on AIM-9X Block II Missile Systems for the U.S.
Navy, the U.S. Air Force, and the government of Saudi Arabia. This
contract will be completed in June 2014.
A $75.9 million cost-plus-fixed-fee contract to perform Standard
Missile engineering and technical services -- including R&D work,
production engineering, and production proofing services for the U.S.
Navy. Initially, Raytheon's work on this contract is expected to
conclude in December 2017. However, if work on this project is
continued, and options to extend the contract are exercised, the value
of Raytheon's award on the Standard Missile contract could rise more
than fourfold, to $316.5 million.
Raytheon Wins Cyber-War, Missile Contracts Worth at Least $105 Million - DailyFinance
