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Aegis Umbrella Expands
May 3, 2018![](https://www.c4defence.com/wp-content/uploads/2018/05/57f67d75-363f-44e6-bfc4-8a276007c42c-1.jpg)
ASELSAN Will Allocate Funds for Innovation, R&D and JVs
May 5, 2018$83M Investment in Drifting Mine Hunt
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Raytheon Company has announced that it has been awarded an $83,3 million contract for the design, test and deployment of the Barracuda mine neutralization system.
The Barracuda mine neutralization system, an expendable, autonomous unmanned underwater vehicle, is a mission module within the US Navy’s Littoral Combat Ship (LCS) Mine Countermeasure (MCM) Mission Package (MP) intended to identify and neutralize bottom, near-surface and drifting sea mines.
The contract includes options which, if exercised, would bring the cumulative value of this contract to $362.7 million. The work is expected to be completed by November 2022.