Raytheon awarded $140M government contract, options up to $237M

theflyonthewall.com

Raytheon is being awarded a $140M cost-plus-fixed-fee contract for CY13 Evolved Seasparrow Missile Design Agent, in-service support, technical engineering support services and Block 2 risk reduction support. This contract includes options which, if exercised, would bring the cumulative value of this contract to $237M. Work is expected to be complete by December 2013. Funding in the total amount of $13.02M will be obligated at time of award. Contract funds will not expire at the end of the current fiscal year.

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