Navy awards Raytheon minehunting sonar contract

4 March 2014

Raytheon Company (NYSE: RTN) said it has been awarded USD35.5m to provide the US Navy with AN/AQS-20A minehunting sonar systems and equipment.

The system leverages advanced sonar technologies to support the Navy´s critical minehunting missions, ensuring safe access and passage for military and civilian vessels on the world´s oceans and waterways.

This contract includes options which, if exercised, would bring its cumulative value to USD199,692,601. The majority of the work will be performed at Raytheon´s Portsmouth, R.I. facility with support and contributions from other Raytheon business areas as well as a host of large and small business supplier partners.

Raytheon is a technology and innovation leader specializing in defense, security and civil markets throughout the world. It is headquartered in Waltham, Mass., and on the Net at www.raytheon.com and on Twitter @Raytheon.

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