Raytheon Wins $162M to Provide U.S. Navy Logistics Support; Will Support 6 Foreign Governments

The U.S. Navy has awarded Raytheon Co.‘s (NYSE: RTN) missile systems business a maximum $162, 239, 835 to provide performance-based logistics support for the Phalanx close-in-weapon system.

Raytheon will also provide contract items to the U.K. and the governments of Bahrain, Japan, Poland, Australia and New Zealand.

Work will be performed in Louisville, Ky., and is expected to be completed August 2016.

International orders will be issued in separate delivery orders.

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