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Navy Awards Raytheon $51 Million RAM Block 2 Missile Contract

Monday, August 13th, 2012

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The Navy recently awarded Raytheon [RTN] a $51.7 million low-rate initial production (LRIP) contract for Rolling Airframe Missile (RAM) Block 2 production, the company said in a statement. The firm-fixed-price contract, not competitively procured, is for 51 Block 2 MK-44 Mod 4 RAM guided missile round pack all-up-rounds, according to a Navy statement. The deal, awarded July 31, includes options, which, if exercised, would bring the cumulative value to more than $105 million. Raytheon Deputy Director for the RAM Program…

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