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Raytheon Delivers Navy Sonar

Raytheon (NYSE: RTN) has reportedly completed the delivery of First Dual-Frequency Sonar to the U.S. Navy.

Raytheon Delivers Navy Sonar

Waltham, Massachusetts based American defense contractor Raytheon (NYSE: RTN) has reportedly delivered the first Dual-Frequency Sonar, namely, AN/SQQ-90 tactical sonar suite, to the U.S. Navy.

Kevin Peppe, vice president of Seapower Capability Systems for Raytheon (NYSE:RTN)’s Integrated Defense Systems business said “The AN/SQQ-90 is, without a doubt, the most advanced integrated undersea warfare system in the world. Integrated with DDG 1000′s open architecture combat system and multi-sensor capabilities, AN/SQQ-90 will provide superior operational performance in both the littorals and deep waters against a multitude of targets, including mines and quiet diesel submarines.”

Raytheon (NYSE:RTN) shares were at 52.60 at the end of the last day’s trading. There’s been a 7.9% change in the stock price over the past 3 months.

Raytheon Delivers Navy Sonar
Raytheon (NYSE:RTN) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.25
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.28
Zack’s Rank: 4 out of 6 in the industry

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