August 30, 2016
Raytheon awarded $37.7M Navy contract
Raytheon Company received a $37.7 million U.S. Navy contract. The company's Marlborough facility is shown here, along with the Sudbury branch, inset.
By State House News Service
While most of the work will be performed out of state, Massachusetts-based defense contractor Raytheon has snagged a $37.7 million US Navy torpedo contract that includes options which could bring the cumulative value of the contract to nearly $449 million, the company announced on Monday.
Only about 5 percent of the work will be performed at Raytheon's Tewksbury operation, with 70 percent in Keyport, Washington and 25 percent in Portsmouth, Rhode Island. Raytheon is headquartered in Waltham and in 2015 recorded $23 billion in sales and 61,000 employees.
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