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Raytheon Receives $349M Navy Destroyer Equipment Contract Modification

Raytheon logoRaytheon (NYSE: RTN) has received a potential $349.2 million contract modification to manufacture tools for the U.S. Navy’s 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 Department said 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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