Raytheon gets $77M Pentagon deal for Patriot work
September 29, 2008 11:09 AM
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The Department of Defense has awarded a $77 million contract to Raytheon Co. for work on the Patriot missile program.
The contract, announced Friday is for upgrades to the Patriot missile defense system. Work will be performed in Andover, Mass. and is expected to be finished by April 2011.
Shares of Waltham, Mass.-based Raytheon fell 22 cents to $55.84 in trading this morning. (AP)
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