Raytheon To Restart Work On $1.6B Navy Radar Contract

Law360, New York (January 13, 2014, 8:06 PM EST) -- Raytheon Co. on Monday said the U.S. Navy has instructed it to resume work on a contract worth up to $1.63 billion for building a next-generation air and missile defense radar system, following the withdrawal of a bid protest over the award.

Waltham, Mass.-based Raytheon in October beat competing bidders Lockheed Martin Corp. and Northrop Grumman Corp. to build the new radar for the Aegis combat system. The contract is worth an initial $385.7 million, but includes options which, if exercised, would bring the cumulative value...
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