Raytheon Nabs $136M Navy Contract For Ship Defense Boosts

Law360, New York (September 11, 2013, 5:52 PM EDT) -- Raytheon Co. won a contract worth more than $136 million from the U.S. Navy to upgrade its radar-controlled gun system Phalanx and SeaRAM anti-ship missile defense systems, the Waltham, Mass.-based arms maker said Wednesday.

The contract, which calls for Raytheon to upgrade more than a dozen Phalanx weapon systems and produce four SeaRAM anti-ship missile defense systems, also allows an option of providing an additional nearly $95 million for 2014, to upgrade another dozen Phalanx and four SeaRAM systems, according to a statement by the firm....
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