The terms of the deal, announced Thursday by the Department of Defense, taps Raytheon to provide line items for the Silent Knight Radar Operational Flight program, a next-generation terrain following, terrain avoidance system designed to increase the situational awareness of fixed-wing transport aircraft in low visibility conditions.
The deal, worth more than $9.7 million, falls under an indefinite-delivery, indefinite-quantity contract under a cost-plus-fixed-fee agreement, which is a cost-reimbursement contract that could provide Raytheon with additional funds depending on the negotiated fee terms determined when the contract was finalized and awarded.
The indefinite-delivery, indefinite-quantity product orders will be funded through fiscal year 2018 research, development, test and evaluation and procurement, according to the Pentagon.
Raytheon will receive $3 million at the time of the award.
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