Raytheon Wins $27 Million Navy Standard Missile-2 Procurement Contract
Raytheon has won $27 million contract for procurement of Navy Standard Missile-2 (SM-2) for fiscal 2018-2022.
The contract also includes Standard Missile-6 depot and intermediate level maintenance, all-up round re-certifications, and special maintenance tasks, and Allied Foreign Navies SM-2 repairs and maintenance, US department of defense said in a statement Friday.
The cumulative value of the contract, if all options are exercised is $227.7 million. This contract combines purchases for the US Navy (100 percent of base award); and options for Australia, Canada, Germany, Japan, Netherlands, South Korea, Spain and Taiwan. Work is expected to be completed by December 2018.
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