Home Business Awards Raytheon awarded $250 million for STANDARD Missile engineering work

Raytheon awarded $250 million for STANDARD Missile engineering work

Raytheon Company has been awarded a contract modification not to exceed $250 million from the U. S. Navy for engineering services for the STANDARD Missile program.Work to be performed under the contract includes design integrity and total systems integration, missile design improvements and technical support to the Naval Sea Systems Command. The engineering work will be done at Raytheon Missile Systems in Tucson, Ariz., through February 2005. STANDARD Missile is operational on guided missile cruisers, destroyers and frigates of 16 navies around the world.Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000people worldwide.