The Raytheon Company Has Been Awarded More than $79 Million USD in U.S. Government Contracts


(Waltham, MA) The Raytheon Company, continues to be, known as one of the U.S.A.’s biggest defense contractors.  Additionally; the common knowledge consists of the Raytheon Company being an industrial corporation with core manufacturing concentrations in weapons, military electronics and commercial electronics.  Recently, the Raytheon Company revealed that, it 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, are also, included in the previously noted.  The contract price of $51,901,116 dollars; 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, will have to do the following.  The aforementioned business division is based out of Fullerton, California U.S.A.; incidentally.  Build and deliver the 50 Enhanced Sentinel A3 Radars, before December 30th, 2022, are the required services of the stipulated contract.  Additionally, at the time the Raytheon Company received the awarded contract, it received $51,901,116 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.  Additionally and for the former, it 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 dollars; 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, of the contract.  Furthermore, at the time the Raytheon Company received the awarded contract, it received $4,297,000 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 be 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, and currently 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 recently awarded, two big government contracts by the U.S. Government.  Lastly; 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 with

PR Newswire Association, LLC

R-Berumen28

01/30/2019


1 Comments

  1. The article was up to the point and described the information very effectively. Thanks to blog author for wonderful and informative post.
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