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Raytheon Awarded Radar Development Contract

Source: Raytheon


RAYTHEON AWARDED RADAR DEVELOPMENT CONTRACT

Thursday, March 26, 2026
Raytheon Awarded Radar Development Contract

Source: Raytheon


WASHINGTON - Raytheon Co., is being awarded a $773.5 million noncompetitive contract modification (P00031) to a previously awarded indefinite-delivery/indefinite-quantity radar development contract (HQ0147-18-D-0002). The total ceiling value of this contract is increased from $1.4 billion to $2.2 billion and the ordering period is extended from Oct. 30, 2027, to Oct. 31, 2030.

Under this modification, the contractor will provide research and development support for the Army Navy Transportable Radar Surveillance Control Model-2 (TPY-2) Radar. The Missile Defense Agency, Huntsville, Alabama, is the contracting activity (HQ0147-18-D-0002).

Source: U.S. Missile Defense Agency
Associated URL: http://www.defense.gov
 
Raytheon Awarded TPY-2 Radar Support Contract

Source: U.S. Missile Defense Agency


RAYTHEON AWARDED TPY-2 RADAR SUPPORT CONTRACT

Thursday, February 26, 2026
Raytheon Awarded TPY-2 Radar Support Contract

Source: U.S. Missile Defense Agency


WASHINGTON - Raytheon Co. being awarded a $193.2 million noncompetitive, hybrid firm-fixed-price, cost-plus-fixed-fee and cost-plus-award-fee undefinitized contract action on modification (P00026) to the previously awarded radar development contract HQ0147-18-D-0002 task order HQ0147-25-F-0001. The value of this task order is increased from $145.9 million to $339.1 million. Under this modification, the contractor will provide spares replenishment and continuation of Army Navy Transportable Radar Surveillance Control Model-2 (TPY-2) development support.

The performance period is from March 27, 2026, through Oct. 31, 2030. The Missile Defense Agency, Huntsville, Alabama, is the contracting activity (HQ0147-18-D-0002/HQ0147-25-F-0001).

Source: U.S. Missile Defense Agenncy
Associated URL: http://www.defense.gov
 
Shield AI - Aechelon Funding Round Photo

Shield AI - Aechelon Funding Round Photo

Source: Shield AI


SHIELD AI TO ACQUIRE SOFTWARE SIMULATION COMPANY AECHELON AND RAISE $2B AT $12.7B VALUATION

Thursday, March 26, 2026
Shield AI - Aechelon Funding Round Photo

Shield AI - Aechelon Funding Round Photo

Source: Shield AI


SAN DIEGO, Ca. -- Shield AI announced it is raising $1.5 billion in Series G funding at a $12.7 billion post-money valuation and $500 million in fixed-return preferred equity financing.

Funds managed by Blackstone are investing $500 million of preferred equity financing, as well as committing an additional $250 million delayed draw facility. Advent’s Chairman David Mussafer will join Shield AI’s Board of Directors and JPMorganChase’s Todd Combs will join as a Board Observer.

A portion of the proceeds will help fund the company’s planned acquisition of Aechelon Technology. Aechelon is a defense software company. Aechelon’s technology is used by the U.S. military and allies to train pilots and test aircraft and autonomous systems before live flight, and supports a range of national security platforms, including the Pentagon’s Joint Simulation Environment.

Source: Shield AI
Associated URL: https://shield.ai/shield-ai-to-acquire-software-simulation-company-aechelon-and-raise-2b-at-12-7b-valuation/
 

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