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Raytheon Awarded $160M for Navy Close-in Weapon Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has been awarded a $159.9 million contract to produce Phalanx close-in weapon systems for the U.S. Navy. The company will also build support equipment for the Phalanx and SeaRAM weapon systems, updated Block 1B radar and maintenance kits, Raytheon said Friday. “Phalanx provides the U.S. Navy’s ships with …

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Raytheon to Update Japan’s Phalanx Weapon Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has won a multiyear,  $200 million contract to upate the close-in weapon systems of Japan’s maritime self-defense force. The company will provide upgrade kits, support equipment and hardware spares for the Phalanx weapon systems, Raytheon said Thursday. “Phalanx provides the critical inner-layer of protection to sailors around the globe against threats that …

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Rick Nelson: South Korea Opts for Raytheon Naval Self-Defense System

Raytheon (NYSE: RTN) has struck a $123 million direct commercial sale contract with South Korea to provide nine close-in weapon systems for that nation’s warship fleet. The company will supply and install its Phalanx radar and gun platform aboard the South Korean navy’s FFX-class frigates and AOE-class combat support vessels, …

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Raytheon Wins $231M for Navy Weapon, Ship Defense Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has won a potential $231 million contract from the U.S. Navy to remanufacture and update weapon systems, as well as to build anti-ship missile defense systems. The award contains $136.2 million in base funds from federal fiscal year 2013 and a $94.8 million option for fiscal 2014, Raytheon …

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Raytheon Wins $105M For Navy Airframe Missile; Rick Nelson Comments

Raytheon (NYSE: RTN) has won a potential $105 million contract to continue manufacturing rolling airframe missiles for the U.S. Navy, the company announced Wednesday.. The company will move into block two of low rate initial production and update the missile’s kinematics, radio frequency receiver, rocket motor and the control and autopilot …

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