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Business/Financial

Raytheon Gains Navy Contracts

DDN

Monday, March 16th, 2009

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The Navy gave Raytheon Co. [RTN] a $106.5 million contract change to procure 280 Joint Standoff Weapon (JSOW) unitary Air-to-Ground (AGM)-154C-1s, with a moving target/surface warfare capability. That contract also involves one additional unit for the performance characterization testing. Work is to be performed by March 2011. The Navy also gave Raytheon a $16.1 million contract change to procure Evolved Seasparrow Missiles (ESSMs) for the NATO Seasparrow consortium and the United Arab Emirates. The consortium, which includes the United States…

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