Raytheon Wins $313M Contract for Standard Missile-6 from US DoD

Raytheon Missile Systems, Tucson, Ariz., is being awarded a $313,843,757 combination fixed-price-incentive, cost-plus-fixed-fee, firm-fixed-price letter contract for low-rate initial production of fiscal 2012 Standard Missile-6 (SM-6) Block I all-up rounds, special tooling and test equipment, spares and containers. Contract funds in the amount of $63,436,062 are obligated at time of award. Work will be performed in Tucson, Ariz. (46 percent); Camden, Ark. (24 percent); Andover, Mass. (6 percent); Wolverhampton, United Kingdom (6 percent); Huntsville, Ala. (4 percent); Dallas, Texas (4 percent); Hanahan, S.C. (3 percent); Anniston, Ala. (3 percent); San Jose, Calif. (2 percent); and Middletown, Ohio (2 percent), and is expected to completed by March 2015. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured as Raytheon is now the sole qualified producer for Standard Missile. Naval Sea Systems Command, Washington, D.C., is the contracting activity