This contract has options which, if exercised, will bring the total contract value to $423 million. The contract falls under the Foreign Military Sales program that includes purchases for South Korea and Japan apart from purchases for the U.S. Navy. Work under this contract is expected to be completed by Oct 2022.
The SPY-1D(V) Transmitter and the MK 99 Fire Control System are an essential part of the Navy’s Aegis missile defense system. Over the past 35 years, these systems have been in continuous production and are in use aboard 108 warships worldwide, comprising 17 ships sailed by foreign nations.
The SPY-1D(V) is a high-powered radar transmitter that supports search, track and missile guidance functions, while the MK99 system communicates with the mission control station to identify and illuminate air targets.
Raytheon is one of the best-positioned, large-cap defense players and will continue to gain traction on the back of its strong fundamentals, focus on technological innovation and improvement of its product offering, which will ensure more contract wins and an enhanced growth trajectory.
The company has been enjoying a steady stream of contracts from several government establishments. As a result, total backlog at the end of the first quarter of 2016 was $34.8 billion, up from $32.5 billion at the end of the year-ago quarter.
The SPY-1D(V) radar system
Mk 99 Missile Fire Control System
Radar and weapon systems on an AEGIS class cruiser.
The radar system associated with the Mk 99 MFCS is the missile illuminator AN/SPG-62.
AN/SPG-62 RADAR.-The AN/SPG-62 is I/JBand fire control radar. The SPY-1 radar system detects and tracks targets and then points the SPG-62 toward the target, which in turn provides illumination for the terminal guidance of SM-2 missiles. Refer to chapter 1 for discussion on the different phases of missile guidance and the way radar is used for missile guidance. Remember that in order to track a target you need a very narrow beam of RF energy. The narrower the beam, the more accurately you can tell if you have one target or multiple targets (this is called radar resolution). This narrow beam radar is normally a second radar that works with a primary search or track radar. The AN/SPG-62 illuminating radar works as a second radar with the AN/SPY-1 series radar.
In addition to the Mk 99 MFCS, the AEGIS SPY 1 series radar works with the Gun Fire Control System. Source tpub.com