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Raytheon Gets $496M DLA Contract for Spare Parts to Army

Raytheon logoRaytheon (NYSE: RTN) has received a potential six-year, $495.6 million sole-source contract from the Defense Logistics Agency to provide depot-level repairables and consumable spare parts to the U.S. Army.

The Defense Department said Monday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract runs through Sept. 27, 2021.

Raytheon will perform work in Massachusetts as part of the agreement, DoD added.

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