Raytheon Awarded $75 Mln Contract - Quick Facts

(RTTNews) - Defense contractor Raytheon Co. (RTN) has been awarded $75 million to complete remaining hardware and electronics for DDG 1000 and 1001, the first two ships of the Zumwalt-class of multimission destroyers.

Raytheon said the award reflects exercised options under a previously awarded U.S. Navy contract.

According to the company, its progress on the program continues, remaining on-cost and schedule, meeting all milestones and shipyard need dates.

DDG 1000 entered the water on October 28 at Bath Iron Works, Bath, Maine. Construction will continue dockside, backed by Raytheon's Ship Integration and Test team onsite for ongoing system integration and testing.