WASHINGTON - A unit of defense contractor Raytheon Co. received a $29.4 million contract from the Navy to provide a new capability for a naval air and missile defense system, the Pentagon said late Monday.
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The Cooperative Engagement Capability is a sensor-based system that uses high-quality tracking data and distributes it to all other participants to create a common air defense tactical display.
Shares of Waltham, Mass.-based Raytheon added 92 cents to $57.09 Monday.

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Shares of some top computers companies were down at the close of trading: Apple Inc fell $1.86 or 1.1 percent, to $173.53.


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