Raytheon Selects IBM for Navy Contract

IBM Corp. was selected by defense firm Raytheon Co. to assist in designing an upgraded software system for at least one U.S. Navy Zumwalt destroyer. Waltham, Mass.-based Raytheon received a $3 billion contract from the Navy to design mission systems equipment for two destroyer ships. The equipment acts as the brains of the ship, sensing incoming missiles, sending signals and controlling radar systems. Raytheon will later compete for a separate contract to build mission systems equipment. Source: Business Portal