Raytheon Co. has been awarded a $365 million fixed-price-incentive, cost-plus-fixed-fee contract from the U.S. Navy for production of critical components for the Aegis missile-guidance system. The contract covers the AN/SPY-1D(V) radar transmitter, MK 99 missile-fire-control system, and related engineering services for those subsystems within the Aegis system.

The contract combines purchases for the U.S. Navy and the governments of the Republic of Korea and Japan under the Foreign Military Sales program. With options, if exercised, the contract could extend to $423 million.

Aegis employs S-band phased-array radar technology to acquire and track multiple targets. It operates as a single-ship system, and will integrate within a network of ships and Aegis systems on those ships.

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