Raytheon Awarded $38 Million U.S. Navy Contract and Boeing Expects to Sell China 120 Aircraft.

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M2 PRESSWIRE-13 April 2006-US Financial Network: Raytheon Awarded $38 Million U.S. Navy Contract and Boeing Expects to Sell China 120 Aircraft(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:13042006 City of Industry, CA - Defense industry news provided by Financial News USA (OTC: FNWU) Naval Sea Systems Command has exercised a $38.6 million contract option for Raytheon Company's (NYSE: RTN) AN/AQS-20A mine hunting sonar systems.

Under the option, Raytheon Integrated Defense Systems (IDS) will manufacture, test and deliver five AN/AQS-20A sets and associated support equipment to the U.S. Navy to provide critical capabilities in support of mine-clearing operations in both deep-ocean and littoral (coastal) waters. Northrop Grumman Corporation (NYSE:NOC) has appointed...