Raytheon Technologies awarded $650.43M Navy contract

Raytheon was awarded a $650.43M fixed-price incentive and cost-plus-fixed-fee contract for the production and delivery of low rate initial production Lot III Next Generation Jammer Mid-Band, to include 15 NGJ-MB LRIP ship sets, 11 for the Navy and four for the government of Australia, as well as to provide associated spares, support equipment, non-recurring engineering and associated data. Work is expected to be completed in April 2024. Fiscal 2023 aircraft procurement funds in the amount of $461,655,033; fiscal 2022 aircraft procurement funds in the amount of $6,352,655; and foreign cooperative project funds in the amount of $182,426,151 will be obligated at the time of award, none of which will expire at the end of the current fiscal year. This contract was not competitively procured pursuant to 10 U.S. Code 2304. The Naval Air Systems Command is the contracting activity.