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Rick Nelson: South Korea Opts for Raytheon Naval Self-Defense System

Raytheon logoRaytheon (NYSE: RTN) has struck a $123 million direct commercial sale contract with South Korea to provide nine close-in weapon systems for that nation’s warship fleet.

The company will supply and install its Phalanx radar and gun platform aboard the South Korean navy’s FFX-class frigates and AOE-class combat support vessels, Raytheon said Monday.

The maritime self-defense systems are scheduled for delivery beginning in 2016 through 2022.

Rick Nelson, vice president of Raytheon’s naval and area mission defense product line, said South Korea plans to use the Phalanx to counter supersonic and subsonic anti-ship missiles in littoral and high-sea zones.

Phalanx includes a computer-controlled detector and a 20-millimeter gun and is intended to help maritime users track and take down adversarial threats.

Raytheon says it has provided more than 890 Phalanx systems to customers in 25 countries.

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