Thursday, October 29, 2009

Naval missile supplies bring $7M to Raytheon

By Brendan Lynch

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Raytheon Co. reports it has landed $6.9 million from the U.S. Navy to develop a class of nanocomposite optical materials for use in missiles.

Under the deal, Raytheon’s (NYSE: RTN) Integrated Defense Systems unit will develop nanocomposite optical ceramics intended to give missiles full infrared transparency and greater mechanical durability.

The deal, awarded by the Office of Naval Research, funds the continuation of a previously awarded Defense Advance Research Projects Agency project. 

On Wednesday, Raytheon IDS pulled in two deals from the Navy worth $90 million combined. Under one deal, Raytheon IDS brought in $81.1 million from the Navy for 23 sonar sensors to be used in Navy helicopters. Raytheon IDS will manfacture and test the AN/AQS-22 Airborne Low Frequency Sonar (ALFS) for use on the MH-60R multi-mission helicopter. In a separate deal, Raytheon IDS received a $9.6 million contract modification from the Navy on a previously won contract for engineering on dual-band radar used on Zumwalt-class destroyers and Seasparrow missiles.

Earlier this week, the Waltham-based defense giant completed its earlier-announced purchase of Cambridge-based BBN Technologies Corp. for approximately $350 million.