Raytheon secures $193.7 million contract for guided missiles

Investing.com -- Raytheon (NYSE: RTX) has been awarded a $193,705,262 modification to an existing contract for tube-launched optically tracked wireless guided missiles, according to an announcement from the U.S. Department of War.

The modification (P00019) to contract W31P4Q-23-C-0026 brings the total cumulative value of the contract to $193,705,262. The work will be performed at Raytheon's facilities in Tucson, Arizona, with completion expected by September 30, 2028.

At the time of the award, the Army obligated $46,762,368 in fiscal 2024 other procurement funds and $2,679,094 in fiscal 2025 other procurement funds.

The Army Contracting Command at Redstone Arsenal, Alabama, is serving as the contracting activity for this procurement.

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