Nasdaq:
Missile maker Raytheon Company ‘s RTN business segment, Missile Systems, won a modification contract for providing Navy Rolling Airframe Missile (RAM) Block 2 guided missile round pack (GMRP) requirements. Work related to this deal is scheduled to be over by December 2019.
Valued at $21.2 million, the contract was awarded by the Naval Sea Systems Command, Washington, D.C. Majority of the work will be executed in Tucson, AZ and Ottobrunn, Germany, while the rest will be carried out in Rocket Center, WV and Andover, MA. The company will utilize fiscal 2017 weapons procurement (Navy) funds to finance the task.
