Raytheon awarded $207.92M government contract modification Raytheon was awarded a firm-fixed price contract modification in the amount of $207.92M increasing the total contract value to $571.95M from $364.02M. Under this contract modification, the contractor will manufacture and deliver the AN/TPY-2 Radar #11 with associated spares and three forward-based Prime Power Units with associated spares.
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Raytheon to supply missiles for U.S. government foreign military sale An international customer signed an agreement with the U.S. Government for a foreign military sale of tube-launched, optically tracked, wireless-guided missiles to be supplied by Raytheon in a deal valued at approximately $750M. Raytheon plans to deliver nearly 14K TOW missiles to the customer over a three-year period beginning in 2015. A resulting order is expected to be executed by the U.S. government with Raytheon in the coming weeks.