RAFAEL Armament Development Authority and US based BAE Systems announced Tuesday they were awarded a joint, $36 million weapons contract by the US Navy.
The two will supply the US Navy with 62 Typhoon naval weapons systems by the end of 2009.
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.