Author: Jay Clemens|| Date Published: January 4, 2016
Raytheon (NYSE: RTN) has received a potential $349.2 million contract modification to manufacture tools for the U.S. Navys future USS Lyndon B. Johnson destroyer.
Raytheon will produce mission system equipment for the Zumwalt-class ship through October 2019 if the Navy exercises all options, the Defense Departmentsaid Thursday.
Construction of the ship kicked off April 4, 2012, at a General Dynamics (NYSE: GD) facility, with delivery to the Navy scheduled in fiscal 2018.
The third Zumwalt-class destroyer will operate in littoral and land attack missions.
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