(NSI News Source Info) TEWKSBURY, Mass., - July 13, 2010: The U.S. Navy awarded Raytheon Company (NYSE: RTN) $59.2 million for advanced procurement of critical components of the Aegis weapons system for the next two Arleigh Burke-class destroyers, DDG 114 and DDG 115.The contract represents the latest chapter of the Navy and Raytheon's 30-year partnership on the Aegis program.Under the contract, the Navy will receive advanced procurement materials and associated services for the AN/SPY-1D(V) transmitter group and MK99 Mod 8 Fire Control System. Raytheon's radar and fire control system equipment is key to the Aegis weapon system's ability to track and defend against multiple threats, including planes and missiles.
"For three decades, Raytheon has provided highly capable naval radar components and world-class support for Aegis-equipped ships worldwide," said Raytheon Integrated Defense Systems' (IDS) John Kelly, director of Sensor Systems. "This contract validates the quality and effectiveness of our systems and provides an opportunity for us to continue our long history of reliable performance."
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