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Thursday, October 18, 2012

Raytheon awarded $45 million MK 54 torpedo contract

MK 54 lightweight torpedo |Raytheon Company has been awarded a $45.3 million U.S. Navy contract to provide MK 54 lightweight torpedo hardware, test equipment, spares and related engineering and repair services for U.S. fleet inventory and in support of foreign military sales to the Royal Australian Navy and the Indian Navy.

The award represents an exercised option of a current Navy contract for MK 54 torpedo kits.

"As enemy submarines remain a threat to security, stability and access to the world's oceans, naval forces worldwide require a reliable and effective undersea warfare weapon," said Kevin Peppe, vice president of Seapower Capability Systems for Raytheon's Integrated Defense Systems business.

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