Raytheon Company (RTN) announced it was awarded a $155.6 million contract to manufacture Block 2 Rolling Airframe Missiles for delivery to the German navy. RAM is a cooperative program between the U.S. and German governments with industry support from Raytheon and RAMSYS of Germany. The contract calls for production work to be shared between both companies.
The contract was awarded in Raytheon's first quarter of 2013.
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