Raytheon Receives $279.4 Mln Cost-plus-incentive-fee Contract From The U.S. Navy

(RTTNews) - Raytheon Company (RTN) announced it has received a $279.4 million cost-plus-incentive-fee contract from the U.S. Navy to conduct the Technology Development phase of the Navy's Next Generation Jammer program.

Raytheon leveraged knowledge and experience as a leading tactical weapon systems integrator to provide an affordable, low-risk, comprehensive NGJ solution to the U.S. Navy.

"Raytheon provided the U.S. Navy with an innovative and efficient design capable of jamming current and future threats," said Rick Yuse, president of Raytheon's Space and Airborne Systems business.