Raytheon awarded $115.5M contract from U.S. Navy

|About: Raytheon Company (RTN)|By:, SA News Editor

Raytheon (RTN) has been awarded a $115.5M contract from the U.S. Navy to remanufacture, overhaul and upgrade their Phalanx Close-in Weapon Systems (CIWS). Work under the contract is expected to be completed by September 2017.