Raytheon To Deliver Naval Strike Missile To US Navy

Raytheon has won $14.8 million contract for Over-the-Horizon Weapon Systems for the US Navy.

This contract will manufacture and deliver Over-the-Horizon Weapon Systems, which consists of encanistered missiles (EM) loaded into launching mechanisms (LM); and a single fire control suite (FCS), US department of defense said in a statement Thursday.

This contract consists of EMs (tactical, telemetered and inert operational); FCSs; LMs; mission support equipment, training equipment and courses; engineering services; and travel and other direct costs. This contract includes options which, if exercised, would bring the cumulative value of this contract to $847.6 million. Work is expected to be completed by May 2020.