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Raytheon to keep next-generation jammer contract- US Navy

Reuters - UK Focus

WASHINGTON, Jan 24 (Reuters) - The U.S. Navy on Friday said it was maintaining Raytheon Co (NYSE: RTN - news) as prime contractor for a next-generation electronic jammer despite a November ruling by the U.S. Government Accountability Office that upheld a protest against the award.

"The Navy has completed corrective action as recommended by the GAO in the sustained protest filed by BAE Systems (LSE: BA.L - news) on the Next Generation Jammer Technology Development (TD) contract," said Navy spokeswoman Commander Thurraya Kent.

She said the Navy decided after a new cost and technical analysis of all three original bids to stick with the Raytheon (Munich: RTN1.MU - news) offer. No additional details were given.