Raytheon Aircraft Awarded Military Contract
January 3, 2002
Raytheon Aircraft, Wichita, Kan., has been awarded a one-year military contract with four one-year options for the production of more than 230 T-6A Texan II aircraft, associated ground-based training devices and technical support. The one-year contract for 40 aircraft is valued at $193 million. When all options are exercised, the total potential value will be approximately $1.22 billion. The Joint Primary Aircraft Training Systems (JPATS) program calls for nearly 800 aircraft through the year 2017. To date, the U.S. Air Force and U.S. Navy have ordered 168 aircraft. The most recent contract, with options, covers the production of an additional 234 aircraft and ground-based training devices through the years 2002 to 2006, with deliveries beginning in 2004. The total value of the acquisition program to date, including options, is $2.1 billion.