Raytheon, a business unit of RTX (NYSE: RTX), has received a $590 million follow-on production deal from the U.S. Navy for its Next Generation Jammer Mid-Band (NGJ-MB) system.
This system is co-developed with the Royal Australian Air Force (RAAF) under a collaborative program.
The deal includes shipset deliveries, spare parts, support tools, and non-recurring engineering support.
