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Raytheon missile, airborne divisions win major defense contracts
Boston Business Journal - 2:59 PM EST Friday
Raytheon Co. business units landed two significant deals Thursday, including $36.9 million to make radar warning systems for the F/A-18 Super Hornet jet fighter and a $76.9 million deal for rolling airframe missiles.
The defense department announced that Raytheon's (NYSE: RTN) Missile Systems division in Tucson, Ariz. will make 90 rolling airframe missiles and related parts for anti-ship missile defense. Missile Systems is scheduled to finish that contract for the Naval Sea System Command in Washington, D.C., by March 2009.
In a separate deal, the electronic systems business division of Raytheon Space and Airborne Systems landed a deal to make 30 radar warning receiver systems for the Naval Air Systems Command in Patuxent River, Md. The $36.9 million deal calls for the division to make receivers that provide visual and audio warning about ground-based, ship-based or airborne threats to F/A-18 Super Hornet aircraft crew. The contract is due by September 2008.
The Waltham, Mass.-based Raytheon earned $871 million on sales of $21.9 billion in 2005.
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