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Raytheon awarded $155.6M contract by German Navy

Raytheon was awarded a $155.6M contract to manufacture Block 2 Rolling Airframe Missiles for delivery to the German navy. It represents the largest single RAM award by Germany. The contract was awarded in Raytheon's first quarter of 2013. 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.