Raytheon gets $497M contract for missiles

Tucson-based Raytheon gets $497M contract for air-combat missiles

Associated Press

TUCSON, Ariz. (AP) -- Tucson-based Raytheon Missile Systems has been awarded a $497 million contract to produce advanced air-combat missiles for the Air Force and Navy.

The Arizona Daily Star reports (http://bit.ly/HFjpLI ) that the three-year contract includes procurement of missiles, instrumentation units, test equipment, guidance sections, hardware and logistics support.

The missiles ordered are called Advanced Medium-Range Air-to-Air Missiles, or AMRAAMs.

The contract announcement did not disclose the number of missiles that were ordered.

The Air Force has indicated in budget documents that it plans to buy nearly 1,300 of the missiles through fiscal 2015.

Plans for the current fiscal year call for 218 of the missiles for the Air Force and 161 for the Navy.

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Information from: Arizona Daily Star, http://www.azstarnet.com

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