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  • Thursday, April 25, 2024

Raytheon Reels in Navy Deal

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded an $11, 848, 506 firm-fixed-price contract for Reeling Machine Test Bench (RMTB) intermediate level equipment, ancillary RMTB equipment and logistics services in support of the MH-60R AN/AQS-22 Airborne Low Frequency Sonar.  Work will be performed in Portsmouth, R.I., and is expected to be completed in April 2013.  Contract funds will not expire at the end of the current fiscal year.  This contract was not competitively procured.  The Naval Air Warfare Center Aircraft Division, Lakehurst, N.J., is the contracting activity (N68335-11-C-0138).”

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