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Raytheon Co. reports it has landed $5.9 million from the U.S. Army for work on Patriot missile systems.
Under the deal, Raytheon (NYSE: RTN) will provide engineering services on the missile system. Work on the contract will be performed in Andover, Burlington, Tewksbury, and Huntsville, Ala. Work on the deal is expected to be completed by 2014.
The deal is the latest in several the Waltham-based defense contractor has pulled in recently.
Earlier this week, Raytheon brought in $14.7 million from the U.S. Army for maintenance on Patriot missile systems. Under the deal, Raytheon IDS will provide its engineers to the Army to keep the missile systems ready for use in the U.S. and overseas.
Raytheon won $6.5 million from the Army Space and Missile Defense Command, Contracting and Acquisition Management Office in Huntsville, Ala. The contract, intended to extend to the end of the year, calls for Raytheon’s support of rapid aerostat initial deployment tower systems. RAID systems are tower-based sensor systems for surveillance.
Last week, Raytheon brought in $30 million from the U.S. 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.
Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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