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  • Saturday, April 20, 2024

Raytheon Technologies to Support Navy Destroyer Logistics, Engineering Under $94M Contract Modification

Raytheon Technologies (NYSE: RTX) has been awarded a $94M contract modification for engineering and logistics support to the U.S. Navy's Zumwalt-class guided missile destroyers.

The branch issued the modification to exercise options under a previously awarded contract and realign appropriations for DDG 1000 contractor services, the Department of Defense said Thursday.

The company will receive $11M at the time of award and will perform work through October next year.

Zumwalt-class ships are designed to incorporate computing, undersea warfare, vertical launcher and electronic modular enclosure systems from Raytheon Technologies' missiles and defense business, the company noted.

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