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Thursday, February 14, 2008

Raytheon executing two more missile contracts

Raytheon Co. today said that it received two additional Patriot missile contracts from the Army last year that brought its total awards under the program in 2007 to more than $600 million.

The Waltham-based defense contractor received a $310 million contract in December to upgrade eight fire units. The work will be performed in Andover. The contract follows an initial $150 million award to upgrade four fire units.

In a second award, Raytheon received $67 million for 152 upgraded missiles that fire against ballistic missiles, cruise missiles, aircraft, and remotely piloted vehicles.

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