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Raytheon gets $59.6M Army deal


Published : Fri, 02 Feb 2007 00:48
By : Agencies
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WASHINGTON (AFX) - The U.S. Army on Thursday awarded a $59.6 million contract boost to Raytheon Co. for Patriot anti-missile anti-aircraft system.

Raytheon will provide technology upgrades on the PAC2 system.

The company will perform the work in Andover, Mass., by April 30, 2009.

Shares of Waltham, Mass.-based Raytheon gained 66 cents to finish at $52.56 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 This material may not be published, broadcast, rewritten, or redistributed.

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