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Raytheon Wins $78M Army Missile Subsystems Engineering Contract

Raytheon Co.’s (NYSE: RTN) technical services company won a $77.9 million U.S. Army contract to provide logistics and engineering support for missile subsystems, the company announced Monday.

The Cambridge, Mass.-based missile maker will support tube-launched, optically-tracked, wire-guided missile subsystems and associated equipment under the five-year prime contract.

The company’s repair, technical engineering and configuration management work will be for the Army’s close combat systems and Bradley fighting vehicles.

Raytheon said it has been supporting the TOW missile since the 1990s.

John Harris, Raytheon technical services president, said the company’s missile systems and technical services units will collaborate to support the subsystems from Huntsville, Ala. to Afghanistan.

Several contracting firms have moved business functions to Huntsville, Ala. to support government customers, including LMI, which said it purchased Huntsville-based Belzon Inc. for an undisclosed amount on March 5.

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