Raytheon Cleans Up, Wins 6 Separate Defense Contracts Worth $189 Million

The Department of Defense announced 37 new defense contracts worth a combined $1.82 billion on Thursday. Amazingly, one single defense contractor -- Raytheon (NYSE: RTN  ) -- won nearly one out of every six of them, including:

  • $55.2 million: a contract modification to perform complete analyses of the Joint Precision Approach and Landing Systems (JPALS) and its system requirements, to develop a manufacturing and production strategy, conduct risk reduction activities, and manage and plan the JPALS program technical and business objectives. This work will continue through July 2015.
  • $41.6 million: a contract modification to continue doing platform systems engineering work on the Ship Self Defense System MK 2 as part of the "CVN/Amphibious Modernization Advanced Capability Build 12/Technical Insertion 12" project. Raytheon will be working on this through September 2017.
  • $40 million: a new indefinite-delivery/indefinite-quantity contract to make system improvements on the AIM-120D Advanced Medium-Range Air-to-Air Missile (AMRAAM) missile for the U.S. Air Force. This work is expected to be complete by March 31, 2015.
  • $27.2 million: a sole-source, foreign military sales contract modification to supply the United Arab Emirates with spare parts for its AN/TPY-2 radar systems which are part of that nation's recently purchased Terminal High Altitude Area Defense (THAAD) missile defense system. The value of this contract has now climbed past $651 million. Raytheon will supply the spare parts by March 30, 2015.
  • $12.9 million: a new firm-fixed-price, sole-source foreign military sales contract to supply 94 Identification Friend or Foe (IFF) AN/APX-114 Interrogators to the Royal Saudi Air Force by Sept. 29, 2017.
  • And also, $11.7 million: a new firm-fixed-price, sole-source foreign military sales contract to supply Identification Friend or Foe (IFF) AN/APX-119 transponders to the Royal Saudi Air Force. These transponders are due for delivery a bit sooner -- July 31, 2017.

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