Raytheon Wins $161M for Anti-Ship Missile Defense Systems

Raytheon (NYSE: RTN) has won a not-to-exceed $161, 030, 943 U.S. Navy contract modification.

The company will provide Phalanx close-in weapon system block 1B class “A” overhauls and land-based Phalanx weapon system class “A” overhauls.

CIWS detects, tracks, engages and destroys anti-ship missiles that have penetrated all other defenses.

Phalanx CIWS is currently installed on approximately 152 Navy and 14 U.S. Coast Guard ships.

Raytheon will also provide MK15 Mod 31 SeaRAM systems to support USS Jackson and USS Montgomery.

Contract funds in the amount of $90, 684, 174 will expire at the end of the current fiscal year.

Work is expected to be completed by September 2015. The Naval Sea Systems Command, Washington Navy Yard, D.C., is the contracting activity.

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