U.S. Markets close in 2 hrs 47 mins

Raytheon awarded $65M contract by U.S. Army

Raytheon received a contract from the U.S. Army's Aviation Missile Command to develop and deliver a next-generation guidance section for Joint Air-to-Ground Missile continued technology development. During the first four months of CTD, Raytheon will update its design and complete a delta preliminary design review. During the next 24 months, the team will focus on a critical design review, guidance section qualification and testing, and delivery of JAGM guidance sections. The total value of both contract phases is approximately $65M.