Major American Defense Contractor, Industrial Corporation Lands Missile Systems Contract

A major American defense contractor and industrial corporation Raytheon Co., Portsmouth, R.I., is being awarded a $21,066,612 not-to-exceed letter contract for fiscal 2012. 

Under this contract, Raytheon will provide NATO Seasparrow surface missile systems MK 57 MOD 12/13, guided missile launching system MK 29 MOD 5, and assorted spares.  Funds in the amount of $4,087,434 are obligated at time of award.  This contract includes options, which, if exercised, would bring the cumulative value to $26,350,589.

Work will be performed in Portsmouth, R.I., and is expected to be completed by September 2013.  Contract funds will not expire at the end of the current fiscal year.

This contract was not competitively procured as there is only one responsible source to satisfy agency requirements.  Naval Sea Systems Command, Washington D.C., is the contracting activity.

About Raytheon

Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

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Naval Today Staff , December 28, 2011

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