US Navy awards Raytheon missile launcher contract valued up to $83 million

Posted by Skyler Frink

INDIANAPOLIS, Oct. 24, 2011. The U.S. Navy’s Naval Air Systems Command has awarded Raytheon Company (NYSE: RTN) a contract valued up to $83 million to produce LAU-116B/A missile launchers. The contract includes a $7.3 million firm-fixed-price delivery order for production through December 2013 and includes two one-year options.

The launchers are used on Navy F/A-18E/F and EA-18G aircraft. They provide the structural and electrical interfaces that enable the aircraft to carry and launch missiles such as the AIM-120 Advanced Medium-Range Air-to-Air Missile (AMRAAM), the AIM-7 Sparrow and the AIM-9X Sidewinder. The launchers will be built at the Raytheon Technical Services Company LLC (RTSC) facility in Indianapolis.