Raytheon wins $75m fighter jet contract

Raytheon Co. said today that one of its units won a $75 million contract to provide upgrades on a weapons training equipment for the F-15 fighter jet.

Raytheon Technical Services Co. LLC will develop a prototype and make changes to the weapons training equipment at its Indianapolis facility. An initial $31.8 million has been awarded to the contractor to begin upgrades.

Shares of Raytheon fell $1.62, or 2.7 percent, to $57.71 in morning trading.