Raytheon receives $64.4 million contract for MK-31 missiles

July 24, 2018


July 23 (UPI) — Raytheon Missile Systems out of Tucson, Ariz., has received a $64.4 million contract for design and engineering services for the MK-31 missile.

The support services will maintain current systems as well as improve design, engineering and other services for the Rolling Airframe Missile upgraded MK-31 Guided Missile Weapon System Improvement Program.

The contract will provide purchases for the U.S. Navy. A memorandum of understanding will provide for procurement by Germany and Egypt under foreign military sales. It includes options that if exercised could bring the total value of the program to $301.7 million.

Work will be performed in Tucson and is expected to be completed by Sep. 2020. Options could carry the work through Jul. 2023. Navy procurement funds of $14.6 million will be obligated upon time of award. Navy 2018 operations and maintenance funding in the amount of $311,928 will be obligated and expire at the end of the fiscal year.

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