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Print Edition StoriesFriday, May 1, 2009
Raytheon missile maintenance brings $9M Army contract
By Mass High Tech staff
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Raytheon Co. reports it has landed $9 million from the U.S. Army for Patriot missile maintenance.
Under the contract, Raytheon (NYSE: RTN) Integrated Defense Systems will perform missile maintenance and facilities in the United States and at overseas locations. The deal is an addition to a $36 million contract from the Army’s Aviation and Missile Command awarded in January 2008.
The contract also funds the move of Patriot missile maintenance operations and test equipment to Letterkenny Army Depot in Chambersburg, Pa., from the Red River Army Depot in Texarkana, Texas.
Work on the contract will be performed at Raytheon IDS’ Air Defense Center in Andover and Raytheon Technical Services Co. in Burlington, as well as overseas.
Earlier this week, Raytheon landed $14.8 million from the Army for testing, maintenance and repair services for Patriot missile systems. Under the deal, the Waltham-based defense giant will perform clean-up, repair and maintenance on the missiles, including services required to keep missiles located in the United States, southwest Asia, Germany and Korea operable.
Earlier this month, the company brought in $27 million from the Army’s Aviation and Missile Command for engineering services for the Patriot missile.
Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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