The Raytheon/USAF Corporate Contract is a 10 year ID/IQ contract that was designed to be a streamlined method for the acquisition of sole source Raytheon items throughout the US Government. This Strategic Sourcing Contract can be used to procure Equipment, Spare Parts, Repairs, & Technical/Engineering Services using Fixed Price, Cost Plus, or Time & Material delivery orders in accordance with FAR Part 12 (Commercial) or FAR Part 15 (Non-Commercial). This allows a cost effective approach to repetitive procurements and allows quick order placement for pre-priced items. This contract is valid until March 10, 2013, with a ceiling value of over $1 Billion.