BusinessWire:
DULLES, Va.–(BUSINESS WIRE)–Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, has been awarded a contract worth as much as $350 million from the U.S. Navy to continue full-rate production (FRP) of the AGM-88E Advanced Anti-Radiation Guided Missile (AARGM). With an initial award of $157 million for FRP Lot 6 U.S. Navy missiles, this contract will deliver advanced capability to our warfighters.
The contract also includes an option for FRP Lot 7 missiles. The contract covers all-up round missiles and captive air training missiles for the U.S. Navy, Italian Air Force and other allies through Foreign Military Sales orders. AARGM provides the U.S. Navy and our allies with critical mission capabilities to counter the accelerating proliferation of surface-to-air threats.
