Raytheon awarded $298 million for US Air Force FAB-T satellite terminal program
MARLBOROUGH, Mass., June 2, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $298,000,044 firm-fixed-price and cost-plus-fixed-fee modification for the Family of Advanced Beyond Line of Sight Terminals (FAB-T) Command Post Terminals (CPT) Production program.
As a result of this down-select decision, low rate initial production, full rate production and interim contractor support contract options may be exercised to deliver FAB-T CPT-Only Terminals. The Phase 2 production contract options for LRIP, FRP, and ICS may be exercised after completion of Milestone C.
Work will be performed in Marlborough, Massachusetts and Largo, Florida. Fiscal 2013 through 2019 aircraft and other procurement funds are programmed for this effort, with $31,274 being obligated at time of award.
Two bids were solicited and two received. Air Force Life Cycle Management Center/HNSK, Hanscom Air Force Base, Massachusetts, is the contracting activity.
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
SOURCE Raytheon Company