Please ensure Javascript is enabled for purposes of website accessibility

Raytheon Wins $58.1 Million in Satcom and Radar Contracts

By Rich Smith - Apr 25, 2013 at 6:57AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Pentagon issues 25 contract awards Wednesday, and Raytheon takes two of them.

After a slow start to the week Monday, Department of Defense contracts are rolling out with increasing speed as the week progresses. Worth a combined $621 million, 13 contracts were awarded on Tuesday and 25 on Wednesday.

One of the bigger winners in the race to land contracts yesterday was Raytheon (RTN), which came away with two contract wins worth a combined $58.1 million -- about 9% of the total.

Of the two contracts Raytheon won, the smaller award took the form of a $7.5 million indefinite-delivery, firm-fixed-price contract to supply the U.S. Army with hardware components to support the Multiplexer Integration And Digital Communications Satellite Subsystem (DCSS) Automation System. Known by the overarching acronym "MIDAS," this system is designed to improve and expand military tactical satellite communications.

The larger contract, for $50.6 million, was a fixed-price-incentive, firm fixed-price, cost-reimbursement contract to supply the Air Force with 19 D-RAPCON deployable air traffic control systems, which can be used to control air traffic at remote battlefield or disaster area sites. Raytheon is expected to deliver all 19 systems by Dec. 2016.


 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Raytheon Company Stock Quote
Raytheon Company
RTN

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
316%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/05/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.