Raytheon Awarded Potential $353M Navy Contract for Rolling Airframe Missile Components

Raytheon (NYSE: RTN) has secured a potential $353.3M contract from the U.S. Navy to provide guided missile round packs and spare replacement parts for the Block 2 and 2A variants of the Rolling Airframe Missile system.

The effort includes foreign military sales to Turkey, the United Arab Emirates, Saudi Arabia, Egypt and Germany, the Department of Defense said Monday.

Naval Sea Systems Command is the contracting activity and will obligate $146M at the time of award.

RAM uses passive radio frequency and infrared guidance tools designed to counter anti-ship missiles.

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