Raytheon Wins $81M Contract for Navy Airborne Sonar Systems

The U.S. Navy has awarded Raytheon‘s (NYSE: RTN) integrated defense systems business an $81.7 million firm-fixed-price contract.

The company will provide 24 MH-60R airborne low frequency sonar systems and program management support for lot nine production.

Work is expected to be completed in September 2014. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.

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