
Raytheon [RTN] has received a $92 million contract to develop a new air surveillance radar for U.S. Navy aircraft carriers and amphibious assault ships.Under the contract, announced Aug. 19, Raytheon will complete engineering and manufacturing development of the Enterprise Air Surveillance Radar (EASR) by February 2020. Production options for up to 16 units could boost the contract’s total value to $723 million.Raytheon will develop two variants of EASR: a rotating phased array for amphibious assault ships, starting with LHA-8, and…