Raytheon has been awarded a $92 million U.S. Navy contract for engineering and manufacturing development of the Enterprise Air Surveillance Radar, or EASR, the company announced Friday.

The deal includes options which, if exercised, would bring the cumulative value of the contract to $723 million.

The cost-plus-incentive-fee contract calls for two configuration variants of the radar, Raytheon said in a statement.

The variants include a rotating phased array and a three-face, fixed-phase array.

Raytheon will build, integrate and test an EASR engineering development model.

The base contract begins with design work leading to preliminary design review and culminates with system acceptance of the engineering development model at the end of testing.

Work will be performed in Masschusetts, Virginia, Missouri, New Jersey, Indiana, Georgia, Wisconsin and Minnesota, and is expected to be completed by February 2020.

Naval Sea Systems Command is the contracting activity.

EASR will be deployed on the future USS John F. Kennedy, the second Gerald R. Ford-class aircraft carrier that is set to debut in 2020, the U.S. Naval Institute reported last year.