Raytheon Co. awarded $19,980,569 contract for research and development

United States, April 13 -- Raytheon Co., El Segundo, California, has been awarded a $19,980,569 cost-plus-fixed-fee contract for research and development. This contract provides for development of target recognition technology. Work will be performed at El Segundo, California; McKinney, Texas; and Goleta, California, and is expected to be completed by July 10, 2031. This contract was a competitive acquisition and two offers were received. Fiscal 2026 research and development funds in the amount of $1,950,000 are being obligated at the time of award. The Sensors Directorate, Wright-Patterson Air Force Base, Ohio, is the contracting activity (FA2377-26-C-B015).

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