April 19 (UPI) — Raytheon has been awarded a $19 million contract for engineering and technical services on the Standard Missile-2 and Standard Missile-6. The contract, announced Thursday by the Department of Defense, covers engineering and technical services to support SM-2 and SM-6 production and development.
The combined contract is 90 percent for the Navy, with the rest under foreign military sales for Australia, Germany, Denmark, Korea and Japan. Work will be performed at Raytheon Missile Systems’ plant in Tucson, Ariz., which formerly was Sentinel until it was acquired in 2015, and is expected to be completed by April 2020.
The full value of the contract was obligated to Raytheon at time of award, of which $700,000 will expire at the end of the current fiscal year. Obligated funds include fiscal 2018 and 2019 other Department of Defense funds; Naval fiscal 2019 research, development, test and evaluation; foreign military sales funds; and Naval fiscal 2017 weapons procurement, the Pentagon said.