RTX's Raytheon awarded $205 million contract for continued production of the Phalanx Close-In Weapon System

Core Viewpoint - Raytheon has secured a $205 million contract from the U.S. Navy for the continued production of the Phalanx Close-In Weapon System, highlighting the system's importance in naval self-defense [1] Group 1 - The contract awarded to Raytheon emphasizes the ongoing reliance on the Phalanx CIWS for U.S. Navy operations [1] - The value of the contract is $205 million, indicating significant investment in naval defense capabilities [1]