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Raytheon Confident on Fixed-Price SDB II Deal

DDN

Monday, August 30th, 2010

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By Marina Malenic Raytheon [RTN] executives last week expressed confidence in their ability to deliver on a fixed-price deal for a new air-launched precision-targeting weapon for the Pentagon. The Air Force earlier this month awarded the company a $450.8 million contract to develop a Small Diameter Bomb (SDB) under increment II of that program. Service officials were planning as late as last fall to issue a "cost type" contract with incentives. They revised the strategy because, they said at the…

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