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Thursday, August 02, 2012

Raytheon awarded $51 million to produce new Rolling Airframe Missile (RAM Block 2)

Rolling Airframe Missile Block 2The U.S. Navy has awarded Raytheon Company a $51.7 million contract for low rate initial production of the Rolling Airframe Missile Block 2.

The contract includes options, which, if exercised, would bring the cumulative value of this contract to more than $105 million.

RAM Block 2 features enhanced kinematics, an evolved radio frequency receiver, a new rocket motor, and an upgraded control and autopilot system.

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