Raytheon receives $525M contract from U.S. Navy for ESSM Block 2 missile production.

Raytheon, a subsidiary of RTX, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles for the U.S. and allied nations. These advanced, ship-launched missiles offer better maneuverability and performance than the Block 1 version and reduce reliance on shipboard illumination. Managed by the NATO SeaSparrow Consortium, the program supports enhanced military capabilities across multiple combat systems.

September 30, 2024
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