* Raytheon received Wednesday, a $37.5 million DoD contract modification
for technical and engineering support on the RIM-162 Evolved Sea Sparrow Missile (ESSM
). Awarded by the US Naval Sea Systems Command, the agreement will task Raytheon with supporting the missile's design agent, in-service support, and technical engineering support services. The majority of the work will take place at the firm's Tucson, Arizona plant, with other work to take place in Norway, Germany, the Netherlands, Australia, Canada, Spain, Turkey, Denmark and Greece, and is expected to be completed by December 2018. Designed as an upgrade to the RIM-7 Sea Sparrow Missile, the ESSM is a collaborative effort between the US and 11 other NATO allies for a naval ship armament capable of defense against short-range anti-ship missiles. Raytheon may also receive additional funds if the company happens to run into cost overruns, with the reimbursement fee negotiated before the contract is finalized.