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Raytheon Books Lucrative Missile Defense Deal

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a modification to decrease contract N00024-07-C-6119, CLIN 0004, by $72, 306, 105 from $229, 900, 477 to a new total value of $157, 594, 372.  The modification is to reduce the quantity of Standard Missile-3 Block IA missiles manufactured from 24 to 18.  The remaining work will be performed in Tucson, Ariz.  The performance period is from March 2011 through April 2012.   The Missile Defense Agency is the contracting activity.”

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