TEWKSBURY, Mass., Dec. 23, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $41,585,979 modification to a previously awarded cost-plus-incentive-fee contract for fiscal 2014-2017 for continuing Platform Systems Engineering Agent support of the Ship Self Defense System (SSDS) MK 2 to complete development of CVN/Amphibious Modernization Advanced Capability Build 12/Technical Insertion 12.
Fiscal 2014 research, development, test and evaluation funds in the amount of $13,500,000 will be obligated at time of award and will not expire at the end of the current fiscal year.
Work will be performed in San Diego, Calif., and Middletown, R.I., and is expected to be completed by September 2017. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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