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Raytheon Nabs Coveted $240 Million Aegis Missile Deal

Raytheon (NYSE: RTN) inked a $240 million with the Navy to produce critical components of the Aegis weapons system for the Arleigh Burke class of destroyers.

According to the firm, “Raytheon Integrated Defense Systems (IDS) will provide production, engineering and support services for four ship sets of the AN/SPY-1D(V) transmitter group and MK99 Mod 8 Fire Control System.”

The radar and fire control system equipment helps Aegis defend against multiple threats, including planes and missiles.

“Raytheon’s naval radar components are providing extensive capabilities and proven performance for Aegis-equipped ships worldwide, ” said Raytheon IDS’ John Kelly, director of Sensor Systems. “This current contract continues Raytheon’s legacy as a key contributor to the Aegis program and as an industry leader in the design and development of naval radars.”

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