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Tuesday, April 22, 2008

Raytheon wins US$241 million Patriot contract with Korea

Raytheon Co., the prime contractor for the Patriot missile defense system, announced Monday it won a US$241 million contract to sell equipment and support to South Korea.

This will complement the $28.7 million engineering services contract announced on March 3, the Massachusetts-based company said in a press release.

The latest contract covers command and control, communications, maintenance support and training equipment, according to the release.

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