Feb. 21 (UPI) -- On Tuesday, Raytheon announced that it would be overhauling and providing support services for the Royal Canadian Navy operated Phalanx Close-In Weapon System.
The company says the deal, announced Tuesday, is worth $330 million and taps Raytheon Canada Limited to provide "maintenance, fleet technical support, repair and overhaul services on the Phalanx mounts which will ensure the systems are ready to address current and emerging threats."