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Raytheon Wins Cyber-War, Missile Contracts Worth at Least $105 Million

Raytheon (NYSE: RTN  ) 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.

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9/30/2016 4:02 PM
RTN $136.13 Down -0.41 -0.30%
Raytheon CAPS Rating: ****