Raytheon Gains Navy Contracts

The Navy gave Raytheon Co. [RTN] a $106.5 million contract change to procure 280

Joint Standoff Weapon (JSOW) unitary Air-to-Ground (AGM)-154C-1s, with a moving target/surface warfare capability.

That contract also involves one additional unit for the performance characterization testing.

Work is to be performed by March 2011.

The Navy also gave Raytheon a $16.1 million contract change to procure Evolved Seasparrow Missiles (ESSMs) for the NATO Seasparrow consortium and the United Arab Emirates.

The consortium, which includes the United States and nine other countries and the United Arab Emirates, will fund the effort under this contract.

Work will be performed in Tucson, Ariz., (45 percent); Camden, Ark., (2 percent); Andover, Mass., (10 percent); Australia, (11 percent); Canada, (7 percent); Denmark, (1 percent); Greece, (1 precent); Germany, (8 percent); The Netherlands, (6 percent); Norway, (5 percent); Spain, (3 percent); and Turkey, (1 percent), and is expected to be completed by December 2011.

The Naval Sea Systems Command in Washington, D.C., manages the contracts.