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Navy AMDR Win A Boon To Raytheon, Alters Landscape, Analysts Note

Gally Articola
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Raytheon’s [RTN] big win in the competition for the new ship-based defense radar was not only a major blow to rival Lockheed Martin [LMT], but could also signal a reshaping of the market for providing the advanced technology to the Navy, analysts say. The Navy said on Oct. 10 that Raytheon had won an initial $156.9 million award in a contract that could reach $1.6 billion for the engineering and development of the Air Missile Defense Radar (AMDR), slated to first be installed…

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