Nasdaq:
Raytheon Company ‘s RTN Missile Systems business segment recently won a modification contract for production of Advanced Medium Range Air to Air Missile’s (AMRAAM) 31 st Lot. Work related to the deal is scheduled to be over by Jan 31, 2021.
Valued at $523.1 million, the contract was awarded by the Air Force Life Cycle Management Center, Air Dominance Contracting Office, Eglin Air Force Base, Florida. The modification also provides for the production of AMRAAM’s 32 nd Lot and other AMRAAM systems items.
Raytheon will execute the task for this deal at Tucson, AZ. Per the terms, the agreement involves foreign military sales (“FMS”) to Japan, Kuwait, Poland, Indonesia, Qatar, Germany, Australia and the United Kingdom. FMS funds will be primarily utilized to finance the contract, while fiscal 2018 production as well as research and development funds will finance a smaller portion of the deal.
