Raytheon to support inventory management for Army

Energy News

Raytheon to support inventory management for Army
by James Laporta
Washington (UPI) Dec 12, 2017

Raytheon has been awarded a modified contract for Patriot performance based logistics support for inventory management for the U.S. Army.

The contract, announced Monday by the Department of Defense, is worth more than $28.7 million and modifies the terms of a $36.4 million contract from December 2016.

The deal also includes "the repair and replacement of 136 stock and parts associated with Patriot performance based logistics."

Performance based logistics is a key Defense Department strategy that aims to deliver "an integrated, affordable, support solution to optimize system readiness."

Work on the contract will be performed in Andover, Ma., and will be completed in December 2018.

U.S. Army working capital funds from fiscal 2018 of more than $28.7 million were obligated to Raytheon at the time of the award.

EU launches defence pact with submarine drones
Brussels (AFP) Dec 11, 2017
The EU unveiled on Monday a raft of new joint defence projects including submarine drones and cyber attack rapid response teams as it launched a landmark pact on boosting military cooperation. Twenty-five countries - all of the EU member states except Denmark, Malta and Britain, which is leaving the bloc - have signed up for the pact, known as permanent structured cooperation on defence (P ... read more

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