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Raytheon Co. reports its Integrated Defense Systems unit has landed $14.7 million from the U.S. Army for maintenance on Patriot missile systems.
Under the contract, Tewksbury-based IDS will provide its engineers to the Army to keep the missile systems ready for use in the United States and overseas. The engineers will perform diagnostics, maintenance, repairs, modifications and technical assistance.
Also this morning, the Waltham-based defense giant landed $6.5 million from the Army Space and Missile Defense Command for support of rapid aerostat initial deployment tower systems.
Last week, IDS landed $30 million from the Army for its surface-launched medium range air-to-air missile (SLAMRAAM). The SLAMRAAM system is intended to be a “tailorable” air defense system used to counter current and emerging cruise missile threats and unmanned aerial systems and a wide range of air breathing threats, such as aircraft, missiles and rockets. SLAMRAAM includes mobile, networked battlefield elements, geographically distributed to provide integrated fire control capability against airborne threats.
The defense giant received several other defense contracts in May, including a $115 million U.S. Army deal calling for Raytheon to supply Patriot missile systems and a $9 million U.S. Army contract for Patriot missile maintenance.
Raytheon (NYSE: RTN) with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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