LaBarge secures $9.7m deal with Raytheon

LaBarge Inc. secured an initial commitment for a $9.7 million multiyear contract with defense company Raytheon for a missile decoy program.

St. Louis-based LaBarge will produce interconnect harnesses at its Joplin, Mo., plant for Raytheon's miniature air-launched decoy program.

LaBarge said the missiles accurately duplicate the combat flight profiles and signatures of U.S. and allied aircraft, and offers counter air operations to neutralize, or destroy, air defense systems that pose a threat to pilots.

Share of LaBarge rose 10 cents to $15 in midday trading today.

Raytheon Co. is based in Waltham, Mass. Its shares rose 13 cents to $60.47 by midday today. (AP)