Raytheon's RAM guided missile weapon system is the world's most modern ship self-defense weapon and is designed to provide exceptional protection for ships of all sizes. RAM is currently deployed on more than 165 ships in 11 countries, ranging from 500-ton fast attack craft to 95,000-ton aircraft carriers. With these advanced weaponry in its portfolio, Raytheon enjoys solid demand in the defense space. The latest contract is expected to boost the company's top line in the coming quarters.