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Raytheon Working New Proposal For FY ’09 Buy of Tomahawk Block IV Cruise Missile

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By Geoff Fein Raytheon [RTN] is currently working on a new offer to the Navy for the company's Block IV Tomahawk cruise missile, though the new contract will likely not be for a multi-year (MY) buy, a company official said. The Navy and Raytheon are coming to the end of a five-year multi-year contract. FY '09 will mark the beginning of a new effort, Harry Schulte, vice president for air warfare systems, told Defense Daily in a recent interview. "In…

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