Raytheon gets $5.7M Navy deal |
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Wed, 24 Jan 2007 00:38
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WASHINGTON (AFX) - The U.S. Navy said on Tuesday it awarded a $5.7 million contract to a unit of Raytheon Co.Portsmouth, R.I.-based Raytheon Integrated Defense Systems will provide logistics support for the Navy's primary undersea warfare sensor program. The sensor used for the Navy's MH60R multi-mission helicopter offers mission critical capabilities including detection and tracking of submarines and underwater communication.The company will perform work in Portsmouth and Brest, France by December 2007.Shares of Raytheon gained $1.23, or 2.4 percent, to finish at $53.18 on the New York Stock Exchange.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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