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.
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