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Tuesday, April 02, 2013

Raytheon receives $155.6 million Rolling Airframe Missile contract

RIM-116 Rolling Airframe Missile |Raytheon Company was awarded a $155.6 million contract to manufacture Block 2 Rolling Airframe Missiles for delivery to the German navy.

It represents the largest single RAM award by Germany. The contract was awarded in Raytheon's first quarter of 2013.

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.

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