Raytheon scores $461M contract to support weapon system

Raytheon has won a $461.7 million contract with the Navy to support the MK15 Close-In Weapon System (CIWS).

The base value of this contract is $160 million, but options push the total higher.

CIWS is a fast-reaction terminal defense against anti-ship missile threats that have penetrated all other defenses. 

The system operates either autonomously or is integrated with a combat system and can detect, track, engage, and destroy anti-ship missile threats penetrating outer defense, the Defense Department said in a release.

Under the contract, Raytheon will provide upgrades, conversions, system overhauls and associated hardware.

Work is expected to be completed in October 2018.