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Raytheon wins $501 mln modification to U.S. defense contract -Pentagon

WASHINGTON, Sept 23 (Reuters) - Raytheon Co has been awarded a $501 million modification to a U.S. defense contract for radar research and development, the Pentagon said in a statement on Monday.

The modification increases the total ceiling value of the contract to $962 million, the statement said. (Reporting by Eric Beech; Editing by Mohammad Zargham)