Summary
The US Department of Defense has approved a contract worth over $5 billion for the development and production of the Coyote Missile system by Raytheon Co. This contract is part of a larger defense budget request for the 2025 fiscal year.
Key Facts
- The contract is valued at $5,039,629,681.
- Raytheon Co., based in Tucson, Arizona, received the contract.
- The contract involves Mobile Coyote Missile Launchers, Kinetic and Non-Kinetic Interceptors, and Ku-band radio frequency system radars.
- The project is expected to be completed by September 28, 2033.
- This is part of a larger defense budget request of $850 billion for the fiscal year 2025.
- The defense budget proposed makes up about 11% of the entire national budget.
