Printer Friendly

PATRIOT SUPPORT CONTRACT PROJECTS $162 MILLION POTENTIAL FOR RAYTHEON

 LEXINGTON, Mass., Jan. 6 /PRNewswire/ -- The U.S. Army Missile Command has awarded an $89 million contract, with $78 million in initial funding, to Raytheon Company (NYSE: RTN) for fiscal year 1993 engineering services for the Patriot missile system.
 The contract also contains options for an additional $73 million, raising the potential total to $162 million.
 The basic contract covers engineering tasks required to support the Patriot program. The funding also covers logistic support and software development for the system.
 The additional $73 million in options covers engineering support for Patriot foreign military sales. The contract extends through January, 1994.
 Raytheon, headquartered in Lexington, Mass., is a $9 billion, diversified technology company with sales in four business segments: Electronics, Aviation Products, Energy and Environmental, and Major Appliances.
 /CONTACT: Dick Sherman of Raytheon, 617-860-2412/
 (RTN)


CO: Raytheon Company ST: Massachusetts IN: CPR SU: CON

TM -- NE009 -- 2307 01/06/93 15:28 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1993
Words:152
Previous Article:I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED ANNOUNCES THREE-FOR-ONE STOCK SPLIT IN THE FORM OF A STOCK DIVIDEND
Next Article:MGI PROPERTIES REPORTS 1992 RESULTS
Topics:


Related Articles
RAYTHEON AWARDED $13 MILLION IN PATRIOT SUPPORT CONTRACTS
HERCULES AEROSPACE COMPANY SELECTED FOR DESIGN AND DEVELOPMENT OF ADVANCED ROCKET MOTOR FOR A NEW EXTENDED-RANGE PATRIOT MISSILE
HERCULES AEROSPACE COMPANY SELECTED FOR DESIGN AND DEVELOPMENT OF ADVANCED ROCKET MOTOR FOR A NEW EXTENDED-RANGE PATRIOT MISSILE
RAYTHEON RECEIVES $124 MILLION FOR ADDITIONAL PATRIOT MISSILES
RAYTHEON AWARDED PATRIOT SUPPORT CONTRACTS TOTALING $37 MILLION
RAYTHEON AWARDED $1 BILLION PATRIOT CONTRACT FOR SAUDI ARABIA
RAYTHEON AWARDED $327 MILLION PATRIOT CONTRACT FOR KUWAIT
RAYTHEON RECEIVES $450 MILLION IN MISSILE SYSTEMS CONTRACTS
RAYTHEON AWARDED $37 MILLION FOR PATRIOT ENGINEERING SUPPORT
ARMY AWARDS RAYTHEON $121 MILLION AS PAC-3 SYSTEMS INTEGRATOR

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters