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Raytheon Wins 3 of 11 Pentagon Defense Contracts Awarded Friday

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,


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3/5/2015 1:47 PM
RTN $106.64 Down -0.13 -0.12%
Raytheon Company CAPS Rating: ****