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Air Force Awards Raytheon 3DELRR Contract

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Air Force Awards Raytheon 3DELRR Contract

The Air Force on Monday awarded Raytheon [RTN] the widely-anticipated contract for its future air defense radar known as Three-Dimensional Expeditionary Long-Range Radar (3DELRR). Raytheon prevailed over Northrop Grumman [NOC] and Lockheed Martin [LMT], which also bid for the contract. Raytheon received Monday a $19.5 million fixed-price-incentive-firm contract for the initial engineering and manufacturing development (EMD) phase of the program. The contract includes the purchase of three radar systems. The total contract, including all options, is currently estimated at nearly $72…

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