NASA Selects Raytheon To Provide Three Instruments And Related Services; Contract Includes Cost-Plus-Award-Fee Base Period And Cost-Plus-Fixed-Fee Option Period With Total Value Of $506.7M
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NASA has awarded Raytheon a contract worth $506.7 million to provide three instruments and related services for the Landsat Next mission. The contract includes a cost-plus-award-fee base period and a cost-plus-fixed-fee option period. The work will be primarily conducted at Raytheon's facilities in El Segundo, California.
June 12, 2024 | 8:52 pm
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Raytheon has secured a $506.7 million contract from NASA to provide instruments and services for the Landsat Next mission. This contract is likely to boost Raytheon's revenues and strengthen its partnership with NASA.
The significant contract value of $506.7 million is expected to positively impact Raytheon's revenues. Additionally, the partnership with NASA enhances Raytheon's reputation and future business prospects.
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