Raytheon Wins $98 Million PERM Munitions Contract
Raytheon has won a $98 million contract to supply projectile and 120 millimeter Precision Extended Range Munitions (PERM) to US Marine Corps.
The 120mm PERM will provide an extended range, guided, precision-capable projectile with improved lethality for the Expeditionary Fire Support System, US Department of Defense said in a statement Tuesday.
The contract will include production verification and type qualification projectiles (low-rate initial production), technical documentation, and production orders.
The contract will have a maximum 60-month effective period, with five 12-month ordering periods.
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