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Raytheon wins $349 M Army contract

Mon, 10/08/2012 - 3:46pm
The Associated Press

Raytheon Co. said Monday that it has won a $349 million five-year contract to provide anti-tank missiles for the U.S. government.

Under the contract, Raytheon will deliver 6,676 of the new wireless missiles for the U.S. Army. They receive commands from the gunner through a wirelessly, unlike earlier versions of the missile.

The defense contractor is based in Waltham, Mass. Its shares fell 14 cents to $55.34 by late afternoon. Its stock remains at the high end of its 52-week trading range of $41.59 to $58.68.

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