US Navy awards Raytheon $169 million for DDG 1000 program
Wednesday, Jan 02, 2013
Raytheon Company (NYSE: RTN) is being awarded a not-to-exceed $169 million modification to previously awarded fixed-price incentive, cost-plus-fixed-fee contract for deferred mission systems equipment for DDG 1000 and DDG 1001, scheduled critical DDG 1002 non-hatchable mission systems equipment, and non-recurring engineering applicable to mission system equipment design and development. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
The contract was announced by the Department of Defense on Dec. 28, 2012, and was awarded in Raytheon's fourth quarter.
Other Defence News
- U.S. Air Force Awards Northrop Grumman $81 Million for C2 Centers Modernization
- Northrop Grumman Begins On-Time Production of First NATO Global Hawk
- US Navy deploys Standard Missile-6 for first time
- KONGSBERG signs contract with the Norwegian Armed Forces for bridging-phase leading to phase three development of JSM