Raytheon Wins $85M Navy Missile Contract

The Navy is awarding Raytheon Company (NYSE: RTN) a $85, 619, 066 firm-fixed price contract for 225 full rate production, lot seven AGM-154C-1 unitary joint stand-off weapon missiles.

This contract includes associated support equipment and provides for one AGM-154C-1 missile for a performance characterization test.

Work is expected to be completed in June 2013.

The Naval Air Systems Command in Patuxent River, Md., is the contracting activity.

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