Author: Naomi Cooper|| Date Published: October 27, 2022
An MBDA-Diehl joint venture has received a firm-fixed-price contract from the U.S. Navy to deliver updated Rolling Airframe Missile system and spare replacement components to the German navy.
The award to RAM-System will support the recertification of the RAM Block 2 variant under a cooperative memorandum of understanding between the two countries, the Department of Defense said Wednesday.
DOD noted that Germany will obligate €277.8 million and $206.6 million in MOU funds at the time of award and the Pentagon expects contract work to conclude in March 2029.
As the U.S. partner of RAMSYS, Raytheon Technologies (NYSE: RTX) supports the development, production, modernization and logistics of the weapon system for defending against anti-ship missiles.
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