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Investing.com -- Raytheon Co. has been awarded a $5.04 billion cost-plus-fixed-fee contract for the Coyote Missile System from the U.S. Army Contracting Command.
The contract includes fixed and mobile Coyote missile launchers, kinetic and non-kinetic interceptors, and Ku-band radio frequency system radars. The Army received only one bid for this contract, which was solicited via the internet.
Work locations and funding will be determined with each order, with project completion expected by September 28, 2033.
In addition to the Coyote contract, Raytheon secured several other significant defense contracts. The company’s McKinney, Texas facility was awarded a $13.73 million order for Harpoon service life extension program seeker repairs and test equipment spares. This work is expected to be completed by December 2026, with $11.89 million in Security Cooperation Initiative funds obligated at the time of award.
The McKinney facility also received a five-year $40.59 million contract for engineering support of HC/MC-130J aircraft. This agreement provides specialized engineering services to improve the performance of the AN/AAS-54 Electro-Optical/Infrared system, with completion expected by September 29, 2030.
Raytheon’s Woburn, Massachusetts location secured a $127.48 million contract modification under a Foreign Military Sales case to the United Arab Emirates. This modification will provide maintenance and sustainment support for the AN/TPY-2 radar from October 2025 through September 2027, with $122.12 million in Foreign Government National Funds being obligated for this award.
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