TEWKSBURY, Mass., Dec. 23, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $26,050,551 cost-plus-fixed fee contract for life cycle engineering and support services for LPD 17 class integrated shipboard electronic systems. This contract includes options which, if exercised, would bring the cumulative value of this contract to $132,122,998.
Work will be performed in San Diego, California (90 percent); Norfolk, Virginia (4 percent); Pascagoula, Mississippi (2 percent); Mayport, Florida (2 Percent); and international (2 percent), and is expected to be completed by December 2019.
This contract was not competitively procured in accordance FAR 6.302-1(a)(2)(iii). The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity (N00024-15-C-2414).
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 cyber security 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.
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SOURCE Raytheon Company