WASHINGTON (Sputnik) — The Marine Corps takes delivery of the items at approximately half the price of buying new so that the savings can be reinvested into Marine Corps logistics, Raytheon noted.
"The US Marine Corps Logistics Command has awarded Raytheon Company up to $249 million with options over five years for work on the Secondary Reparable, or SECREP program, rebuilding vehicle parts such as engines, transmissions and electronics," the release said on Monday.
The release also said Raytheon had helped the Marine Corps realize millions in cost underruns through sustainment programs, which were made available for reinvestment and that the company had ensured 98 percent on-time delivery of mission-critical components.
The contract covers approximately 1,000 different items serviced by a network of original equipment manufacturers, military depots and small business suppliers, the release added.
