Raytheon awarded $136.2 million Phalanx upgrade contract

The U.S. Navy awarded Raytheon Company a $136.2 million contract for federal FY13 to remanufacture, overhaul and upgrade 19 Phalanx Close-in Weapon Systems and produce four SeaRAM Anti-ship Missile Defense Systems.

This contract includes a $94.8 million option for FY14 covering an additional 12 Phalanx and four SeaRAM systems. The option, if exercised, would bring the cumulative value of the contract to $231 million.

"Phalanx is a vital ship self-defense system, providing the critical inner-layer of protection to sailors, Marines and ships," said Rick Nelson, vice president of Raytheon Missile Systems' Naval and Area Mission Defense product line.

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