Mon, Oct 20, 2014 22:46
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McKinney's Raytheon Wins $37 Million Military Targeting Change

 Texas Business reports:  A McKinney firm won yet another contract change on military targeting systems, the U.S. Department of Defense announced.

Raytheon Co. of McKinney received a $37,544,188 firm-fixed-price modification to existing basic ordering agreement for components of the Multi-Spectral Targeting systems for MH-60 helicopters.

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. 

The contract will procure 44 MH-60 turret units, 36 power converter units and 24 electronics units. 

Work will be performed in McKinney, Texas, and is expected to be completed by December 2014. 

Funding in the amount of $37,544,188 will be obligated at time of award.

Contract funds in the amount of $37,544,188 will expire at the end of the current fiscal year. 

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