DoD Awards Raytheon Nearly USD 100M in Air-Launched Weapons Contracts

TUCSON, Ariz. - The Department of Defense awarded Raytheon Company (NYSE: RTN) two separate air-launched weapons contracts with a combined value of nearly $100 million.

The U.S. Navy awarded Raytheon an $84.3 million modification to a previously awarded firm-fixed-price contract to produce the Joint Standoff Weapon C-1.


The U.S. Air Force awarded Raytheon a $15 million firm-fixed-price contract for production of the laser-guided Maverick missile.

Both contracts were announced by the Department of Defense on Dec. 19.

Source : Raytheon Corporation (NYSE: RTN)