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Investing.com -- Raytheon (NYSE:RTN) Co. has been awarded a $49,790,954 firm-fixed-price modification to a previously awarded contract to produce Standard Missile-6 (SM-6) systems for the U.S. Navy.
The contract modification provides funding for spares and manufacturing, assembly, testing and delivery of SM-6 Tactical All-Up Rounds to support full-rate production requirements.
Work on the contract will be performed across multiple locations, with 35% in Tucson, Arizona and 35% in East Camden, Arkansas. Additional work will take place in Wolverhampton, United Kingdom (TADAWUL:4280) (8%), Elma, New York (3%), Middletown, Ohio (3%), and Anniston, Alabama (2%), with the remaining 14% spread across various other locations.
The U.S. Naval Sea Systems Command in Washington, D.C. is the contracting activity for this award. The project is expected to be completed by April 2029.
The $49,790,954 in funding comes from the Navy’s fiscal 2025 weapons procurement budget and will not expire at the end of the current fiscal year.
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