UPI:
Nov. 15 (UPI) — Raytheon Missile Systems has been awarded a modified contract to exercise options to procure spares for the Evolved Sea Sparrow Missile, or ESSM, Block I multi-year production requirements.
The ESSM is an upgraded version of the Sea Sparrow anti-ship missile defense system, which itself is a collaborative effort between the U.S. Navy and 11 other nations of the North Atlantic Treaty Organization Sea Sparrow Consortium.
The deal, announced Wednesday by Navy officials, is worth more than $7.7 million under a firm-fixed-price modified contract, meaning, additional costs accumulated during production by Raytheon will not be reimbursed by the U.S. government.
