Raytheon gets $112.3 million Navy contract for radar technologyBy AP
Wednesday, October 6, 2010
Raytheon gets Navy contract for $112.3 million
TEWKSBURY, Mass. — Raytheon Co. said Wednesday it has received a $112.3 million contract from the U.S. Navy.
The contract is to design and develop an S-band radar and radar suite controller technology demonstrator for the Navy’s new Air and Missile Defense Radar, called AMDR. Raytheon said the S-band component will provide tracking, ballistic missile defense and missile communications.
The radar will be used in the Navy’s Arleigh Burke-class destroyers.
The Waltham, Mass., defense contractor will design and develop radar arrays for far-field testing. Work will be done at several sites in Massachusetts and Rhode Island.
Shares of Raytheon rose 18 cents to $45.76 in afternoon trading.
Tags: Contracts And Orders, Massachusetts, Military Technology, North America, Tewksbury, United States