The Raytheon Company is Awarded more than $79 Million USD in U.S. Government Contracts



(Waltham, MA) The Raytheon Company, continues to be, known as one of the biggest defense contractors, in the U.S.A.  Additionally, the common knowledge consists of Raytheon being an industrial corporation with core manufacturing concentrations in weapons, military electronics and commercial electronics.  Recently, Raytheon was awarded two big government contracts by the U.S. Government.  Overall and combined, the U.S. Government contracts are valued at more than $79 million USD.

The combined more than $79 million dollar amount, is first arrived at, through a $51,901,116 million dollar contract.  The latter, is for the procurement of 50 Enhanced Sentinel A3 Radars.  Additionally, the associated spare parts, is also, included in the previously said.  The contract price of $51,901,116, is based on a cost plus fixed fee and firm fixed price.  In order to obtain this amount of money, the Raytheon Company (NYSE:  RTN) will have to do the following.  Specifically; Raytheon Integrated Defense Systems based out of Fullerton, California U.S.A., will have to do the following.  Build and deliver the 50 Enhanced Sentinel A3 Radars, before December 30th, 2022; are the required services of the stipulated contract.  Furthermore, at the time Raytheon received the awarded contract, it received $51,901,116 million dollars through U.S. Army funds.  The actual services of the contract will be performed at Redstone Arsenal, in the State of Alabama, U.S.A.  Specifically and inside the military base, the contracted services will performed, at the U.S. Army Contracting Command.

A second amount of $28,912,871 million dollars, is used to arrive at the combined amount.  The combined amount, is in reference to the more than $79 million dollars, in U.S. Government contracts.  Furthermore and for the former, is a hybrid contract for Sentinel radar life cycle support.  The work will be performed in Fullerton, California U.S.A.  Specifically at the business offices of, Raytheon Integrated Defense Systems, is where the work will be completed.  The contract price of $28,912,871, is based on a cost plus fixed fee and firm fixed price.  Additionally, the previously noted is considered to be the required services, of the stipulated contract.  December 31st, 2022 is the estimated completion date.  Furthermore, at the time Raytheon received the awarded contract, it received $4,297,000 through U.S. Army funds.  The actual services of the contract will be performed at Redstone Arsenal, in the State of Alabama, U.S.A.  Specifically and inside the military base, the contracted services will performed, at the U.S. Army Contracting Command.

To end, both contracts were also announced by the U.S. Department of Defense, on December 28th, 2018.  In the year 2017, the Raytheon Company reported $25 billion dollars in sales.  Additionally, it also reports 64,000 employees.  The aforementioned business, also specializes in civil government solutions, as well as, cyber security solutions.  As previously stated, the Raytheon Company was awarded two big government contracts by the U.S. Government.  Overall and combined, the U.S. Government contracts have a value of more than $79 million USD. 



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Written from Press Release

Registered Writer at

PR Newswire Association LLC

01/30/2019



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1 Comments

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