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Raytheon Wins 3 of 11 Pentagon Defense Contracts Awarded Friday

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The Department of Defense awarded a total of 11 defense contracts Thursday, worth $1.01 billion combined. The big winner of the day was Raytheon (NYSE: RTN  ) , which took home three of the contracts -- worth more than $70 million combined -- to supply equipment to the U.S. Navy. Specifically, Raytheon was awarded:

  • A $45 million contract modification to supply one AN/SPY-1D(V) radar Transmitter Group and Missile Fire Control System MK 99 to support the Aegis Ashore Missile Defense System in Poland. Delivery is due March 2016.
  • A $17.7 million contract modification to supply 19 Multi-Spectral Targeting Systems for installation aboard MH-60R/S Seahawk helicopters. The MSTS system is an airborne, electro-optic, forward-looking infra-red (FLIR), turreted sensor package that enables long-range surveillance, high altitude target acquisition, tracking, range-finding, and laser designation of targets for U.S. military and NATO laser-guided munitions. Delivery of these systems is due March 2016.
  • A firm-fixed-price contract to supply up to $7.4 million worth of "system electronic units" during the next 16 months. This contract will remain in force through July 31, 2015.

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  • Report this Comment On March 22, 2014, at 9:52 AM, mwking wrote:

    actually, the Big Winner was ASI Government, Inc., Engility Corporation, Logistics Management Institute, Sysorex Government Services, Inc., Suntiva, LLC*, and Zantech IT Services, Inc*., Tysons Corner, Va., who were awarded a maximum $461,000,000 - half a billion - indefinite-delivery/indefinite-quantity, multiple-award contract.

    Your reporters might want to buff up their math facts - 461 is definitely bigger than 70.

  • Report this Comment On March 22, 2014, at 12:13 PM, TMFDitty wrote:

    While I appreciate the advice, $70M awarded to a single company over 1-2 years is in fact significantly more valuable than $461M, divided among six companies (an average of $77M per company), over the course of five years.

    Foolishly yours,

    TMFDitty

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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8/28/2015 4:03 PM
RTN $104.25 Down -0.86 -0.82%
Raytheon Company CAPS Rating: ****