
Under a new $47.6 million Other Transaction Authority (OTA), Raytheon [RTN] will integrate the Naval Strike Missile (NSM) into the Marine Corps force structure, the company said Monday. The NSM was originally developed by Norway’s Kongsberg, which is working with Raytheon to produce and integrate the capability into U.S. assets. Last month during a quarterly investment call, Raytheon chairman and CEO Tom Kennedy previewed that franchise programs like the NSM are finding new customers with the Marine Corps and international…