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Raytheon Wins $1.6B for Navy Air, Missile Defense Radars

Raytheon logoRaytheon (NYSE: RTN) has won a potential $1, 633, 363, 781 contract to build air and missile defense radars for U.S. Navy destroyers.

The cost-plus-incentive-fee contract has a base value of $385, 742, 176 and was awarded through a full and open competition, Raytheon said Thursday.

S-band and X- band radars are intended to help the Navy’s Flight III Arleigh Burke-class destroyers to track and engage threats.

Raytheon will design, engineer, develop, integrate and test an AMDR-S system comprising of X-band radar, S-band radar and radar suit controller.

The Navy is obligating $156, 960, 000 fiscal year 2013 at the time of the award.

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