Stormy waters. The Typhoon
RAFAEL signs $25m deal with US Navy
Armament Development Authority, BAE Systems land joint contract to supply US navy with advanced naval weapons systems. Contract second of its kind, to be completed by end of 2009
Israel's RAFAEL Armament Development Authority and US based BAE Systems announced Tuesday they were awarded a joint, $36 million weapons contract by the US Navy.
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The Typhoons are a range of remotely operated naval stabilized weapon systems, designed to combat ocean-based terror. They are already in use by several naval forces around the world.
This is the second contract the US Navy awards Rafael and BAE: In 2006, the two were awarded a $28 million contact, to supply the American naval forces with 67 Typhoon systems, which are now in operational deployment.
RAFAEL's reported stake in the contract is $25 million.
