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Raytheon Wins $80M for Navy Surface Warfare Weapon; Harry Schulte Comments

Raytheon logoRaytheon (NYSE: RTN) has won an $80.5 million contract to produce an anti-surface warfare weapon system for the Boeing-made (NYSE: BA) F/A-18 Super Hornet fighter jet.

The U.S. Navy intends for the Joint Standoff Weapon C-1 systems to contain new weapon datalink radios and modified seeker software, Raytheon said Wednesday.

Harry Schulte, vice president of air warfare systems for Raytheon’s missile systems business, said more than 400 JSOW A weapon systems are currently used in combat.

JSOW C-1 is designed to help fleet forces attack moving maritime targets and stationary land targets.

Raytheon signed the contract during its second fiscal quarter of 2013 and expects to start delivering the missiles to the Navy in the second quarter of 2014.

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