Thursday, September 27, 2012

Raytheon wins $15M add-on to Army deal - Boston Business Journal:

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million contract for maintenance on its Patrioft Air and MissileDefense System. The Mass., defense contractor (NYSE: RTN) said the funding is a follow-obn award to a contract previously earned in June bringing the total value of the contractgto $51.9 million. Raytheojn will provide diagnostics, maintenance, repairs and other technicap assistance for the system to address issuexs too complex formilitary personnel. “Thia contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the Unitefd States andoverseas — wherever U.S.
Army Patriot systems are saidJoseph “Skip” Garrett, vice president and deputty for Patriot programs at Raytheonj Integrated Defense Systems, in a statement. “Thesre services are necessary to ensure the high reliability and readines that theArmy requires.” The company’s Mass.-based IDS unit is the prime contractor for the Patriotr missile system.

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