Raytheon gets $36.1 million Air Force contract

Raytheon Co. said today it won a $36.1 million deal from the US Air Force to deliver parts for a precision-guided weapons system.

The Waltham-based defense contractor will provide the Air Force with computer-controlled laser-guided bombs and airfoil groups that can transform conventional bombs into precision-guided munitions.

The Air Force has awarded Raytheon the majority of contracts related to laser-guided bomb production for fiscal year 2006 and 2007, the company said.

On the New York Stock Exchange, shares of Raytheon fell 32 cents to $61.75 in midday trading. (AP)