Raytheon awarded $158.57M government contract Raytheon is being awarded a $158.57M firm-fixed-price contract for the procurement of 48 MH-60R Full Rate Production Airborne Low Frequency Sonar systems, including associated program management support. Work is expected to be completed in April 2017. Contract funds in the amount of $158.57M are being obligated at time of award, $39.64M of which will expire at the end of the current fiscal year.
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Raytheon upgrades to Tomahawk pass flight tests Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.