Raytheon wins $636 million to provide Exoatmospheric Kill Vehicle to Boeing

TUCSON, Ariz., 23 July 2012. Raytheon Company (NYSE:RTN) won a $636 million development and sustainment contract to provide the Exoatmospheric Kill Vehicle to The Boeing Company, the prime contractor for the Missile Defense Agency's Ground-based Midcourse Defense program. EKV is the intercept component of the Ground Based Interceptor (GBI), designed to engage high-speed ballistic missile warheads in space.

Raytheon engineers will provide EKV development, fielding, testing, system engineering, integration, configuration management, equipment manufacturing and refurbishment, and operation and sustainment under the contract, which extends through Nov. 2018.