Raytheon Missiles and Defense, a subsidiary of Raytheon Technologies Corporation, has been awarded a $43,574,473 modification contract by the US Navy to exercise options for the procurement of Rolling Airframe Missile (RAM) Block 2b Guided Missile Round Pack requirements.
Under this contract, Raytheon will provide the US Navy with RAM Block 2b guided missiles designed to provide ship self-defence against advanced threats, including high-speed anti-ship cruise missiles, low-observable missiles, and asymmetric air and surface threats.
Work under this contract will be performed in various locations, predominantly within Tucson, Arizona, Ottobrunn, Germany, and Cincinnati, Ohio. The work is expected to be completed by January 2026.
The RAM missile system is a cooperative programme between the US and German governments, with the system operated by Germany, South Korea, Egypt, Turkey, and the US. It is designed to be launched from ships and provides quick-reaction defence against various threats.
This contract was awarded by the Naval Sea Systems Command, Washington DC, and is part of the US Navy’s efforts to modernise its fleet and ensure the readiness of its ships. In October, RAM-System won a $206.6m contract from Naval Sea Systems Command to procure RAM Block 2B Guided Missile Round Pack and spare replacement components for the German Navy.
According to GlobalData’s “The Global Missiles & Missile Defense Systems 2022-2032“, Raytheon Technologies is the leading supplier of missiles and missile defence systems in North America. The company will capture 24.9% of the MMDS market in North America, with an anticipated revenue share of $34.7bn over 2022–32.
The award of this contract demonstrates the continued commitment of the US Navy to maintain its ship’s self-defence capabilities and underscores the importance of the RAM missile system in providing an effective defence against advanced threats.
In January 2023, Raytheon announced sales of $67.07bn for 2022, a 4% increase in net sales in 2022 from the previous year.
