Raytheon Wins $125 Million in Pentagon Missile Contracts Wednesday

The Department of Defense awarded eight defense contracts Wednesday, worth $7.3 billion in total. Raytheon won two of them:

  • A $17.2 million delivery order instructing the defense contractor to supply the government of Australia with 28 LAU-115D/A missile launchers and 30 LAU-116-B/A missile launchers, and to supply the U.S. Navy with a further 34 LAU-116-B/A missile launchers. These launchers are installed on F/A-18E/F fighter jets and EA-18G electronic warfare aircraft. Delivery is due September 2016.
  • A $107.9 million contract modification funding unspecified work on Raytheon's Patriot missile system for the Army. This contract will run through July 31.

The article Raytheon Wins $125 Million in Pentagon Missile Contracts Wednesday originally appeared on Fool.com.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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