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Raytheon gets $36.1M Air Force deal


Published : Mon, 19 Nov 2007 18:12
By : Agencies
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TUCSON, Ariz. (AP) - Raytheon Co. said Monday it won a $36.1 million deal from the U.S. Air Force to deliver parts for a precision-guided weapons system.

The company 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.

Shares of Raytheon fell 32 cents to $61.75 in midday trading.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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