Raytheon Wins $98m U.S. Navy PERM Contract

​ The U.S. Navy has awarded Raytheon Co. Missile Systems of Tucson, Arizona, a $98 million indefinite-delivery/indefinite-quantity contract for the procurement of the projectile, 120-mm Precision Extended Range Munition (PERM), the Pentagon announced Dec. 8. The PERM will provide an extended range...

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