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Wednesday, December 19, 2012

Raytheon Wins $254M for Navy Tomahawk Missiles

Tactical ''Tomahawk'' Block IV cruise missileRaytheon has won a $254,627,806 contract modification to produce 252 Tomahawk cruise missiles for the U.S. Navy, the Defense Department said Monday.

The company will build 132 missiles for use on a vertical launch system located onboard surface ships and 120 missiles for use on a capsule launch system located on submarines.

The Navy is obligating $254,627,806 in contract funds at the time of award and no funds will expire at the end of the current fiscal year.

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