GovCon Wire:
Raytheon (NYSE: RTN) has been awarded a potential five-year, $466.4M contract to update, repair or replace four kinds of missile defense systems being used by the U.S. Navy.
The undefinitized contract action has a $246.5M initial value and will include configuration, inventory and obsolescence management services for the military branch’s close-in weapon system, land-based variant of Phalanx CIWS, rolling airframe missile and SeaRAM platform, the Department of Defense said Friday.
DoD noted the award contains two base years and a three-year option that would extend work through August 2024.
