Raytheon gets $101m missile contract
January 31, 2007 07:06 PM
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The Navy today awarded a $101.1 million contract to Raytheon Co. to supply 376 missiles for the Air Force and Navy's joint standoff weapons program.
The JSOW is a low-cost, highly lethal system that can be used on a variety of land and sea targets.
The Waltham-based company will perform the work in Tucson, Ariz., by February 2009.
Shares of Raytheon gained 31 cents to close at $51.90.
(AP)
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