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Raytheon receives US Navy Contract for RAM missles

A Rolling Airframe Missile (RAM) is fired from the forward launcher aboard Wasp-class amphibious assault ship USS Essex (LHD 2) during a live-fire exercise March 9, 2015. U.S. Navy photo by Mass Communication Specialist 2nd Class Christopher B. Janik

TUCSON, Jan. 11 (UPI) — Raytheon is to produce the Block 2 Rolling Airframe Missile for the U.S. Navy, the company announced.

The firm-fixed-price contract carries a value of $66.6 million but the cumulative value could rise to $142.8 million if all contract options — including an option for a Foreign Military Sale, are exercised.

The RAM Block 2 guided missile was developed under a cooperative program by the U.S. and German governments with support from Raytheon and RAMSYS of Germany. Production of the system is shared by both companies.

The missile is a small, lightweight, infrared-homing weapon suitable for use against anti-ship cruise missiles and other threats. It is installed or planned for installation aboard more than 165 ships of the navies of the United States, Egypt, Germany, Greece, Japan, the Republic of Korea, Turkey, and the United Arab Emirates.”

Source: http://www.upi.com/Business_News/Security-Industry/2016/01/11/Raytheon-receives-US-Navy-contract-for-RAM-missiles/8981452544027/

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