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Raytheon Gets $240 Million For Aegis Production

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The Navy has awarded Raytheon [RTN] $240 million for production and delivery of critical components of the Aegis weapons system for the Arleigh Burke-class of destroyers, the company said last week. Under the contract, Raytheon will provide production, engineering and support services for four ship sets of the SPY-1D(V) transmitter group and Mk 99 Mod 8 Fire Control System, company executives said. The radar and fire control system equipment is essential to the Aegis system's ability to track and defend…

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