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.