In the larger of the two awards, Raytheon's Company Network Centric Systems unit will receive $34 million as a contract modification funding continued development and testing of engineering development models for air and ground fixed and transportable "command post terminals" for the Presidential and National Voice Conferencing (PNVC ) communications system. PNVC is "a satellite-based, worldwide, survivable, secure, and near toll-quality voice conferencing capability for the President, Secretary of Defense, Chairman, Joint Chiefs of Staff, and other senior national/military leaders." Work on this contract should be completed by October 2013.
Raytheon's smaller award gives its Integrated Defense System unit a $14.2 million cost-plus-fixed-fee delivery order to upgrade the Navy's AN/AQS-20A mine hunting sonar with high-frequency, wide-band, forward-looking sonar and multi-function side-looking sonar and associated components. Raytheon will work on this contract through September 2014.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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