Clarification of Standard Missile-3 contract value announced December 18
WALTHAM, Mass., Dec. 21, 2015 /PRNewswire/ -- On December 18, the Department of Defense announced a contract modification for 52 Standard Missile-3 Block IB all-up rounds and spares, support and recertification to be fulfilled by Raytheon Missile Systems (http://www.defense.gov/News/Contracts/Contract-View/Article/637451).
This announcement represents $18.6 million in new bookings by Raytheon Company in Q4 2015 on an existing FY 2015 production contract, and establishes pricing for as-yet-unexercised options for FY 2016-2018 efforts.
Raytheon Company (NYSE: RTN), with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 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 cybersecurity and 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