Raytheon awarded $234.64M Navy contract
Raytheon has been awarded a $234.64M fixed-price-incentive, firm-target contract for the low-rate initial production of 23 joint precision approach and landing systems. In addition, this contract procures three production and installation engineering development model unit upgrade kits, engineering change proposals and associated data. Work is expected to be completed in August 2023. FY19 other procurement and FY19 shipbuilding and conversion funds in the amount of $49,13M will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to Federal Acquisition Regulation 6.302-1. The Naval Air Systems Command is the contracting activity.