Raytheon, UK Sign Performance-Based Munitions Support Contract
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Raytheon Company and the United Kingdom Ministry of Defence, Defence Logistics Organisation, have signed a series of contracts for Raytheon Partnering in Defence (RaPID). RaPID covers in-service support of Raytheon’s AMRAAM AIM-120B air-air missile; Maverick AGM-65 F2, G2 and JX precision attack missile variants; and Paveway II, Enhanced Paveway II, Paveway III and Enhanced Paveway III laser guided bombs.
The RaPID contracts are a culmination of efforts that began with a memorandum of understanding signed in 2003 between Raytheon and the Defence Logistics Organisation, and aim to reduce the cost of ownership of Raytheon munitions used in the Royal Air Force inventory over the next 13 years by utilizing economies of scale, best practices, and in-country support for the weapons systems.
The contracts provide for an initial $16.5 million, four-year pricing period and were signed at the Raytheon Missile Systems in Tucson, AZ.
Under the contracts, Raytheon provides an availability support solution by guaranteeing a certain number of munitions available to the front line, at a given moment in time. The agreements capture the delivery of the operational service under a single prime contract.
Raytheon News Release (June 20/05) – Raytheon and U.K. Ministry of Defence Sign $16.5 Million RaPID Contracts
