Raytheon Awarded Naval Power System Contract Worth $10M

Raytheon Company
RTN
has been awarded a $10 million contract from Naval Sea Systems Command to develop a pulsed power system that will enable projectiles to reach great distances without the use of an explosive charge or rocket motor. The contract for the preliminary design of a Pulse Forming Network (
PFN
) is part of a larger effort by the U.S. Navy to develop a multimission weapon system for use on naval warships to defend and attack with pinpoint accuracy.
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PFNPIMCO Income Strategy Fund II
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