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Investing.com -- Raytheon (NYSE:RTN) Co. has been awarded a $51.9 million modification to an existing contract for the production and delivery of Stinger Air-to-Air Launchers, the U.S. Department of Defense announced.
The modification adds to a previously awarded cost-plus-fixed-fee, cost-only and firm-fixed-price indefinite-delivery/indefinite-quantity contract. With this addition, the cumulative value of the contract reaches $96.25 million.
The contract includes ancillary support equipment training, associated engineering services for integration activities, and parts obsolescence management. Raytheon will also provide engineering services to identify, track, design and source replacement parts to resolve obsolescence issues.
The work supports the Program Manager Ground Based Air Defense, Marine Air Defense Integrated System. It will be performed in Tucson, Arizona (66%) and Diné, New Mexico (34%), with completion expected by September 2026.
No funds will be obligated at the time of award. Instead, funds will be obligated on individual task and delivery orders as they are issued. The contract was a sole source acquisition pursuant to Federal Acquisition Regulation 6.302-1.
Marine Corps Systems Command in Quantico, Virginia, is serving as the contracting activity for this project.
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