Raytheon gets $83 million NASA contract

July 28, 2008

WASHINGTON --Raytheon Co. said Monday that NASA awarded it an $83 million subcontract for data and systems work at NASA's Jet Propulsion Laboratory.

The five-year deal is part of a contract between NASA and the California Institute of Technology. Raytheon will work on information technology, Web development and systems engineering and design for the NASA lab.

Shares of Raytheon fell 34 cents to $56.88 in early afternoon trading.