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Business/Financial

Raytheon Gains $9 Million Contract Change For Patriot Missile Maintenance; $45 Million Total

DDN

Monday, May 4th, 2009

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The Army gave Raytheon Co. [RTN] a $9 million contract addition for Patriot missile maintenance and facilities, bringing the total contract to $45 million thus far, with room for further increases through next year, the company announced. The Army Aviation and Missile Command at Redstone Arsenal, Ala., provided the additional funding under a three-year contract previously awarded to Raytheon in January 2008. In compliance with the Base Realignment and Closure transition, the contract also provides funding for Raytheon to move…

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