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

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)
Date: Dec 21, 2011