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Raytheon Wins Navy’s Next Air Defense Ship-Based Radar

Gally Articola
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Raytheon [RTN] has edged out two rivals to win the Navy’s competition to provide the new Air Missile Defense Radar (AMDR) that will be installed on Aegis guided missile destroyers for theater and ballistic missile defense, the service said on Oct. 10. It defeated Lockheed Martin [LMT] and Northrop Grumman [NOC] for the lucrative contract that could exceed $1.6 billion. The Navy was able to award the initial $156.9 million because it was funded in fiscal 2013, which ended Sept. 30, and before the lack of…

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