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McKinney's Raytheon Wins $23.9 Million Australia Contract

Texas Business reports: A McKinney firm won a $23.9 million contract for targeting systems for Australia, the U.S. Department of Defense announced.

Raytheon Co., McKinney, Texas, is being awarded a $23,933,208 firm-fixed-price contract for 24 Multi-Spectral Targeting systems.

The system is an airborne, electro-optic, forward-looking infra-red, turreted sensor package that provides long-range surveillance, high altitude target acquisition, tracking, range-finding, and laser designation, and for all tri-service and NATO laser guided munitions. 

This contract includes purchases for the government of Australia under the Foreign Military Sales (FMS) Program under FMS Case AT-P-SCF. 

Work will be performed in McKinney, Texas, and is expected to be completed by December 2013. 

Contract funds will not expire at the end of the current fiscal year. 

This non-commercial contract was procured and solicited on a sole source bases.

The Naval Surface Warfare Center, Crane, Ind., handled the contract.