Raytheon Company wins $81 million contract for support services for Phalanx

Raytheon Company (NYSE: RTN) was awarded the following contract as announced by the Department of Defense on December 28, 2018.

Raytheon Co., Tucson, Arizona, is awarded an $81,311,942 cost-plus-fixed-fee modification to exercise an option under previously-awarded contract N00024-17-C-5405 for design agent engineering and technical support services for the Phalanx Close-In Weapon System (CIWS), SeaRAM, and Land-based Phalanx Weapon System. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.