Navy awards contract to Raytheon for MK 54 torpedoes

Top Priority Sector: military_force_protectionTEWKSBURY, MA Aug. 29, 2016 Raytheon Company (NYSE: RTN) has been awarded a $37,723,774 firm-fixed-price, fixed-price-incentive, cost and cost-plus-fixed-fee contract for the procurement of MK 54 lightweight torpedo common parts kits; MK 54 Mod 0 lightweight torpedo kits; and MK 54 exercise fuel tanks, spares, production support material, engineering support, and hardware repair support.Homepage position: 1read more