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Raytheon to Provide, Support NAVSEA Missile Systems with Potential $72M Deals

Raytheon Co. (NYSE: RTN) has been contracted by the Naval Sea Systems Command for work on sea and land that could total $72 million, according to a company announcement.

The two separate awards are for work on the U.S. Navy‘s NATO SEASPARROW surface missile systems and the Phalanx, SeaRAM and land-based Phalanx weapons systems.

Raytheon’s Tuscon, Ariz.-based operations won a $45, 588, 204 cost-plus-fixed-fee contract for work on the Phalanx, SeaRAM and land-based Phalanx weapon systems.

The company will provide technical services support and design agent engineering, according to a Pentagon announcement.

The Portsmouth, R.I.-based operations received a $21, 066, 612 “not-to-exceed letter contract.”

The contract for NATO SEASPARROW surface missile systems, guided missile launching system and spares includes options that could bring the cumulative value to $26, 350, 589, the company said.

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