Raytheon awarded $143 million contract for Rolling Airframe Missile Block 2

TUCSON, AZ -- The U.S. Navy awarded Raytheon Company a $66.6 million firm-fixed-price contract for fiscal year 2016 for Rolling Airframe Missile (RAM) Block 2 guided missile round pack requirements. This contract includes options which, if exercised, would bring the cumulative value to $142.8 million, and includes an option for foreign military sales to an international customer.

RAM is a cooperative program between the U.S. and German governments with industry support from Raytheon and RAMSYS of Germany. The contract calls for production work to be shared between both companies.

"RAM Block 2 adds important enhancements to counter a bigger set of targets and give our warfighters an unfair advantage," said Rick Nelson, vice president of Raytheon's Naval Area and Mission Defense product line. "Our partnership with RAMSYS is a great example of Raytheon's commitment to working with countries and companies around the globe."

Work outlined in the contract is expected to be completed by February 2018. The contract was awarded in the fourth quarter of 2015, on Dec. 31.

For more about Raytheon, visit http://www.raytheon.com
 

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