Raytheon Missile Systems has been awarded a contract from the U.S. Navy for rolling airframe missiles.

The deal, announced Thursday by the Department of Defense, for Rolling Airframe Missile Block 2 guided missile round packs is valued at more than $242 million under the terms of a firm-fixed-price contract for fiscal 2018 Navy and foreign military sales to Qatar, along with Egypt and Turkey, according to the Defense Department.

The contract from Naval Sea Systems Command also enables Raytheon to provide missile ordnance alterations and spares, with options built into the contract that could surge the total cumulative value of the contract to more than $529.7 million if exercised.

The Rolling Airframe Missile system is built for ship defense countermeasures and is designed to engage anti-ship missiles.

Work on the contract will occur in multiple locations across the United States, as well as Germany and Scotland. The period of performance will expire in September 2023, even if contract options are exercised.

The total cumulative value of the contract without exercised options will be obligated to Raytheon at time of award from multiple U.S. Navy fiscal accounts and foreign military sale funds, the Pentagon said.

Of the obligated funds, $5 million will expire at the end of the current fiscal year.

Related Links
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com

Tweet

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Israeli army says has hit 'dozens' of Iranian military targets in Syria
Jerusalem (AFP) May 10, 2018
Israel's army said Thursday it hit dozens of Iranian military targets in Syria overnight after rocket and missile fire toward its forces it blamed on Iran, marking a sharp escalation in tensions. "The (Israeli military) has struck dozens of Iranian military targets in Syria," Israeli military spokesman Jonathan Conricus told journalists. He said they targeted intelligence, logistics, storage and vehicles as well as the origin of the rockets. It was one of the largest Israeli military operations ... read more