Raytheon gets $29.4M Navy contract

By Associated Press
July 21, 2008 | Comments (0)

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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.

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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