Raytheon Wins $178 Million Contract To Procure Seasparrow Missile Production Requirements

Raytheon is being awarded a $178 million contract for the procurement of multi-year fiscal 2016-2017 Evolved Seasparrow Missiles Block I production requirements. 

Under the terms of the modification, Raytheon Missile Systems will provide 186 all up rounds, inert operation missiles, spare components, shipping containers, and provide other production related support, US department of defense said in a statement Saturday.

This contract modification includes foreign military sales to Spain, Thailand, and United Arab Emirates. Work is expected to be completed by March 2020.