Raytheon (NYSE: RTN) has been awarded a $57, 849, 999 contract for to develop missiles for the U.S. Army that are intended to be wireless-guided missiles.
The Army is obligating $19, 886, 000 in fiscal year 2014 funds in the amount of $19, 886, 000 were obligated at the time of the award, the Defense Department said Thursday.
Work on the tube launched optically tracked wireless guided missiles is scheduled to occur through Nov. 30, 2015.
