Raytheon Gets $72.8M Navy Contract

The AP reported that military contractor Raytheon Co. said it got a $72.8m contract from the U.S. Navy to provide the Royal Australian Navy with radar equipment. Raytheon's Integrated Defense Systems unit will provide system transmitters, hardware and spares for radar systems on three Air Warfare Destroyer ships. The work will be done at Raytheon plants in Massachusetts and Rhode Island. Components of the radar system are already in use on U.S. Navy cruisers and destroyers.