The AIR FORCE has awarded a significant contract to Raytheon Co., valued at $1,045,597,364. This fixed-price-incentive was part of a Sole Source acquisition aimed at enhancing capabilities in the AIR FORCE .
Contract Overview
- Prime Contractor: Raytheon Co.
- Award Amount: $1,045,597,364
- Contract Type: fixed-price-incentive
- Award Type: Sole Source acquisition
- Work Performed at: McKinney
- Expected Completion Date: 5/1/2029
Details and Strategic Importance
The contract, awarded to Raytheon Co., will be executed in McKinney and is expected to be completed by 5/1/2029. This contract is crucial for the ongoing development of AIR FORCE capabilities, ensuring that Raytheon Co. will continue to support national defense efforts through its innovative solutions.
The contracting activity for this award is managed by The Air Force Life Cycle Management Center, Wright Patterson Air Force Base, Ohio, is the contracting activity (FA8611-24-C-B001).. This ensures that all aspects of the contract will be executed efficiently, with a focus on delivering high-quality outcomes for the AIR FORCE.
Source and Attribution
For further details, visit the official announcement: Website Attribution:
“Contracts for November 3, 2023.” Defense.gov, U.S. Department of Defense, https://www.defense.gov/News/Contracts/Contract/Article/3890651/. Accessed [08/30/2024].
Published on: August 29th, 2024
