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Raytheon secures $401M U.S. Navy contract

Raytheon (NYSE:RTX) has been awarded a $401.2M U.S. Navy contract for the procurement of 131 full rate production Block V Tactical Tomahawk All Up Rounds missiles.Work is expected to be completed in March 2028.This contract was not competed.Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

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