The Navy said on Friday it will hang on to Raytheon [RTN] for the technology development phase of next generation airborne jammer after a successful protest on the original award last year prompted the service to re-evaluate the proposals it received from two other firms. The Government Accountability Office in November ruled in favor of a BAE Systems protest over the initial $279 million contract award to Raytheon. It’s a contract that could eventually reach into the billions of dollars…
