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Raytheon gets $232.8M Navy deal



By AP
17 July 2008 @ 05:53 pm EST

WASHINGTON - Defense contractor Raytheon Co. received a $232.8 million contract from the Navy for development and demonstration of a military, all weather-landing system, the Pentagon said late Thursday.

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The pact also includes delivery of eight fully functional ship system engineering development models and four aircraft system avionics test sets.

Shares of Waltham, Mass.-based Raytheon fell 42 cents to close at $55.46.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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