08:22 AM EDT, 07/14/2025 (MT Newswires) -- RTX's (RTX) Raytheon unit said Monday it was awarded a $74 million contract to produce RAM Guided Missile Launching Systems for the US Navy.

Under the contract, Raytheon said it will provide several new launcher systems, refurbishments to current systems, and hardware required to support upgrades, as well as various spares.

The majority of work under the contract will be performed in Louisville, Kentucky and is expected to be completed by 2028, the company said.

The RAM weapon system, which consists of the RAM launcher and missiles, is a bilateral partnership between the US and Germany, with Raytheon serving as a prime contractor for US Navy requirements, the company said.