Raytheon Beats Rivals For $1.6B Navy Radar System Contract

Law360, New York (October 15, 2013, 7:07 PM EDT) -- Raytheon Co. beat out two rival companies to win a lucrative contract to engineer a next-generation air and missile defense radar system for the U.S. Navy, the company announced Thursday, in a deal that could be worth up to $1.6 billion.

Raytheon was picked over competing bidders Lockheed Martin Corp. and Northrop Grumman Corp. to build a new radar for the Aegis combat system, according to the procurement. Under the contract, Raytheon will engineer both Air and Missile Defense S-Band Radar, known as AMDR-S, and Radar Suite...
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