Navy awards Raytheon contract to develop missiles in Tucson
PHOENIX – The Raytheon Company has been awarded a $190 million low-rate production contract by the U.S. Navy, stated the corporation on Monday in a press release out of Tucson.
The ESSM Block 2 missiles will now feature a new guidance system with a dual mode active and semi radar.
Raytheon was given the new lucrative contract due to the Navy’s decision to shift from development to production on the improved intermediate-range, surface-to-air missile.
The Block 2 variant of the projectile is slated for initial operating capability in 2020.
The ESSM missile is the primary self-defense ammunition aboard Navy aircraft carriers and large deck assault ships.
“ESSM plays a critical role in protecting navy sailors worldwide and our international partners share our commitment to evolve this missile,” said Mitch Stevison, Raytheon Strategic and Naval Systems vice president.