Raytheon Wins $97M Foreign Tactical Missile Sale

Raytheon Co. (NYSE: RTN) won a $97, 144, 974 U.S. Navy contract to produce tactical missiles for international customers, the Defense Department announced Friday.

The company will produce 139 AIM-9X Block II all-up-round tactical missiles for South Korea and Saudi Arabia through the foreign military sales program.

For $85, 338, 195, Saudi Arabia purchased 120 Block II tactical missiles, 120 optical target detectors, 33 captive air training missiles and 42 missile containers.

The South Korean spent $11, 806, 779 on 19 Block II missiles, 19 active optical target detectors and 5 missile containers.

Contract funds will not expire at the end of the current fiscal year.

The Pentagon expects delivery to complete in August 2014.

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

The Waltham, Mass.-based missile maker won a $685.7 million sale in December when Taiwan purchased fire units for that country’s air and missile defense system.

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