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Raytheon Applied sciences awarded $171.19M Navy contract modification

Raytheon was awarded a $171.19M fixed-price incentive modification to a beforehand awarded contract. This modification workouts an choice to obtain 111 full fee manufacturing Block V Tactical Tomahawk All Up Spherical Vertical Launch System missiles as follows: 50 for the Military, 48 for the Navy and 13 for the Marine Corps. Work is predicted to be accomplished in November 2025. FY23 analysis, growth, check and analysis funds within the quantity of $77.11M; FY23 weapons procurement funds within the quantity of $61.69M; FY23 procurement funds within the quantity of $20.05M and FY21 weapons procurement funds within the quantity of $12.34M will likely be obligated on the time of award, $12.34M of which is able to expire on the finish of the present fiscal 12 months. The Naval Air Programs Command is the contracting exercise.

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