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Raytheon Wins $161M for Anti-Ship Missile Defense Systems

Raytheon (NYSE: RTN) has won a not-to-exceed $161, 030, 943 U.S. Navy contract modification. The company will provide Phalanx close-in weapon system block 1B class “A” overhauls and land-based Phalanx weapon system class “A” overhauls. CIWS detects, tracks, engages and destroys anti-ship missiles that have penetrated all other defenses. Phalanx …

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