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Raytheon Wins Potential $177M Award for Evolved Sea Sparrow Missiles

The U.S. Navy has awarded Raytheon (NYSE: RTN) a potential $177, 014, 319 contract modification for Evolved Sea Sparrow missiles, associated shipping containers, and spares.

At the time of award, $15, 598, 848 is being obligated.

Work is expected to be complete by August 2014. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

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