Raytheon Gets $1.4 Million Bonus for Work on Navy RAM Contract

By Thomas Duffy / December 20, 1999 at 5:00 AM
After receiving a performance rating of 97 out of a possible 100, Raytheon has been given a $1.4 million performance bonus from the Navy for the Rolling Airframe Missile Weapon System helicopter, aircraft, and surface mode development contract, the company announced today. The bonus was made based on "the quality, timeliness and cost-effectiveness of preliminary design work conducted from September 1997 through November 1999," the company said. Under the terms of the contract, the RAM system will get a software...

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