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Raytheon Wins $391M for Army Guidance System

Raytheon logoRaytheon (NYSE: RTN) Missile Systems has been awarded a contract modification worth $391, 540, 645 for its tube-launched, optically tracked, wireless-guided missiles.

The change covers contract W31P4Q-12-C-0265 for the U.S. Army and Marine Corps, in addition to two foreign military sales agreements that involve Oman and Saudi Arabia, the Pentagon said Thursday.

Work to be performed in Arizona and New Mexico through March 2018.

The Army Contracting Command in Redstone Arsenal, Alabama, is the delegated contracting authority, with funds to be sourced from fiscal 2010 in the amount of $333, 943, 045; 2012 ($9, 517, 200), 2013 ($8, 281, 200) and 2014 ($39, 799, 200).

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