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Army

Raytheon Beats ATK For $232 Million Army 120mm MRM Contract

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By Geoff Fein The Army last month awarded Raytheon [RTN] Missile Systems a $232 million contract for the 120mm medium range munitions (MRM) program over a competing bid from ATK [ATK]. Raytheon, along with its teammate General Dynamics [GD], will build the gun-fired smart munition, which has a dual mode beyond line of sight capability, and will be built for the Future Combat System Mounted Combat System (Defense Daily, July 16). ATK's team included Lockheed Martin [LMT], BAE SYSTEMS, and…

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