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Raytheon Technologies awarded $171.19M Navy contract modification

Raytheon was awarded a $171.19M fixed-price incentive modification to a previously awarded contract. This modification exercises an option to procure 111 full rate production Block V Tactical Tomahawk All Up Round Vertical Launch System missiles as follows: 50 for the Army, 48 for the Navy and 13 for the Marine Corps. Work is expected to be completed in November 2025. FY23 research, development, test and evaluation funds in the amount of $77.11M; FY23 weapons procurement funds in the amount of $61.69M; FY23 procurement funds in the amount of $20.05M and FY21 weapons procurement funds in the amount of $12.34M will be obligated at the time of award, $12.34M of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.

Published first on TheFly

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