The U.S. Navy has awarded Raytheon (NYSE: RTN) a potential $177, 014, 319 contract modification for Evolved Sea Sparrow missiles, associated shipping containers, and spares.
At the time of award, $15, 598, 848 is being obligated.
Work is expected to be complete by August 2014. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.