What Are The Top Raytheon Government Contracts In 2023?

Raytheon Technologies is an electronics and defense industry leader serving the Department of Defense (DoD) and other federal government agencies since its founding in 1922. The company has crafted and developed machinery for its local and international clients.

Want to know the latest activities of Raytheon with the government? Here, we’ve compiled the five Raytheon government contracts available in 2023.

1. Missiles Defense Agency Standard Missile-3 Block IIA All-Up Rounds, $866.6 Million

• Contracting activity: Missile Defense Agency
• Contract type: Hybrid contract (cost-plus-incentive-fee and cost-plus-fixed-fee)
• Completion date: December 31, 2026

To meet the requirements of the United States Government and the Japanese Ministry of Defense Foreign Military Sales case, Raytheon Missile Systems was awarded a hybrid contract worth $866.6 million to produce and assemble the Standard Missile-3 Block IIA All-Up Rounds.

U.S. Navy Standard Missile-3 interceptors are designed with larger rocket motors and kinetic warheads, allowing them to provide regional defenses against ballistic missile attacks.

2. U.S. Army Distributed Common Ground System-Army Capability Drop 1, $876 Million

• Contracting activity: U.S. Army Contracting Command
• Contract type: Firm-fixed-price contract
• Completion date: March 8, 2028

Raytheon Company Intelligence and Information Systems received an $876 million contract for the Distributed Common Ground System-Army Capability Drop 1.

The DCGS-A is a system designed to support the warfighting functions that make it easier to visualize incoming threats, providing vital intelligence information from multiple sources on the battlefield to commanders in charge. Distributed Common Ground System-Army Capability Drop 1 is a deal worth $876 million, and it will be split between Raytheon Co. Intelligence and Information Systems and Palantir Technologies Inc.

3. U.S. Navy F-135 Propulsion System Support, $770 Million

• Contracting activity: Naval Air Systems Command
• Contract type: Firm-fixed-price, cost-plus-fixed-fee modification contract
• Completion date: December 2025

On September 23, 2022, a modification contract with around $769.9 million in funding was awarded to Raytheon Technologies Corp and Whitney Military Engines.

Based on the requirements of the Air Force, Marine Corps, Navy, Foreign Military Sales clients, and non-Defense participants, this modification raises the contract ceiling for F-135 propulsion system requirements, including the procurement of spare parts, support equipment, packaging, modules, handling shipment, transportation material, and depot lay-in material.

Half of the work operation will occur in East Hartford, Connecticut, and other U.S. states until December 25, 2025.

4. U.S. Army National Advanced Surface-to-Air Missile Systems, $182 Million

• Contracting activity: U.S. Army Contracting Command
• Contract type: Firm-fixed-price contract
• Completion date: August 23, 2024

Raytheon Missiles & Defense received a $182 million contract to procure National Advanced Surface-to-Air Missile Systems (NASAMS). The NASAMS from Raytheon is a highly adaptable, advanced air defense system that can significantly improve the ability of air defenders to detect, track, and destroy opposing aircraft, UAVs, and cruise missiles.

5. U.S. Air Force Globally Linked Ising Machine Platform With Superconducting Electronics Prototype Development, $12 Million

• Contracting activity: Air Force Research Laboratory
• Contract type: Cost-plus-fixed-fee completion contract
• Completion date: October 2027

On September 23, 2022, Raytheon BBN Technologies Corp. received an almost $11.9 million contract to deliver hardware and software prototypes for the Globally Linked Ising Machine Platform with Superconducting Electronics. Under this contract, the company will provide the development, manufacture, and integration of the following:

• Analog hardware
• Digital control hardware
• Development of an application programming interface
• Mapping algorithms

The duration of the work in Cambridge, Massachusetts, is estimated to be October 2027.

About Raytheon Company

Raytheon Technologies is a U.S. defense contractor and industrial corporation producing weapons, defense, and aerospace electronics.

In 1922, three scientists and engineers named Lawrence K. Marshall, Charles G. Smith, and Vannevar Bush started the American Appliance Company, which soon became Raytheon Company in Cambridge, Massachusetts. It started focusing on refrigeration technology but soon switched to electronics.

Raytheon has four primary business subsidiaries:

• Collins Aerospace: Collins Aerospace is a leader in the aerospace industry, providing advanced structures, avionics, mission systems, and power and control systems. Executives at Collins Aerospace are well-versed in providing services to customers in the commercial, regional, corporate, and military aviation markets.
• Pratt & Whitney: Pratt & Whitney creates cutting-edge aircraft engines and auxiliary power systems for corporate, military, and commercial planes.
• Raytheon Intelligence & Space: Raytheon Intelligence & Space provides customers with the technology they need to accomplish their projects. More than 30 countries have benefited from its cutting-edge sensors, cyber services, and software solutions.
• Raytheon Missiles & Defense: Raytheon Intelligence & Space provides customers with the technology they need to accomplish their projects. The subsidiary has served more than 30 countries, giving cutting-edge sensors, cyber services, and software solutions.

Raytheon Company FAQs

• Is Raytheon a Fortune 500 company?

  In August of 2022, Raytheon was placed 197th on the Fortune Global 500.

• What is Raytheon most known for?

  Raytheon Company is an American defense contractor and industrial conglomerate known for its extensive production of weapons and electronics for the military and the general public.

• What products does Raytheon make?

  Raytheon Technologies creates high-quality airplane components, including engines, avionics, aerostructures, satellites, cybersecurity, guided missiles, air defense systems, and unmanned aerial vehicles.

Smarter Defense Systems

Raytheon Technologies’ government contracts in the aerospace and defense sphere are laced with innovative and cutting-edge solutions, providing customers a significant advantage by seamlessly integrating their unique requirements into the projects it takes on.