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Raytheon Wins $574 Million Canadian Contract To Upgrade Naval Defense Systems

Friday, February 2nd, 2018

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The Canadian Ministry of National Defence announced Jan. 26 it awarded Raytheon [RTN] a $574 million contract to upgrade and support 21 Close-In Weapons Systems (CIWS) for the Royal Canadian Navy.The CIWS is a rapid-fire radar-guided gun system that protects naval vessels against close in threats like missiles, aircraft, and small ships. It is currently installed on Canada’s 12 Halifax-class frigates and is planned to be installed on the Protecteur-class joint support ships after they are built. The first Protecteur-class ship is expected to be delivered…

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