The contract, an option under a current contract for M 54 torpedo kits, will support U.S. Foreign Military Sales deals to Australia and Indonesia as well as Navy fleet inventories.
"As enemy submarines remain a threat to security, stability and access to the world's oceans, naval forces worldwide require a reliable and effective undersea warfare weapon," said Kevin Peppe, vice president of Seapower Capability Systems for Raytheon's Integrated Defense Systems business.
"Together with the U.S. Navy, we continue to advance the development of the world's most effective lightweight torpedo, delivering its proven capabilities to meet the anti-submarine warfare needs of U.S. and allied fleets."
The MK 54 is the Navy's next-generation, anti-submarine warfare weapon and is deployed from surface ships, helicopters and fixed-wing aircraft. The torpedo system's sophisticated processing algorithms enable the MK 54 to detect and analyze target information, edit out false targets or countermeasures and destroy the threat.
Raytheon is the sole provider of the torpedo hardware to the Navy.