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Business/Financial

Raytheon Gains $11.4 Million Patriot Facilities Contract

DDN

Monday, March 9th, 2009

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The Army gave Raytheon Co. [RTN] an $11.4 million contract to support Patriot missile defense facilities this year. The Army Aviation and Missile Command at Redstone Arsenal, Ala., issued the additional funding as an option under a three-year contract previously awarded to Raytheon in January last year. This add-on award brings the value of the contract to $35.5 million, with potential for additional options through 2010. Support under the contract involves technical assistance, reliability testing and data analysis of deployed…

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