Raytheon (NYSE:RTN) has received a $39.6 million contract for the production of AIM-9X missiles.
Raytheon (NYSE:RTN) Gets Big Missile Contract
The US defense technology company Raytheon (NYSE:RTN) announced that it has won a modification contract from the US Navy for AIM-9X missiles for the fiscal year 2012.
Under this $39.6 million contract, the company will produce and deliver AIM-9X Block II infrared-guided air-to-air missiles.
Raytheon (NYSE:RTN)’s AIM-9X is known as Sidewinder and it is integrated to F/A-18 Hornet, F-15 Eagle and F-16 Fighting Falcon.
Sidewinder is an infrared-guided air-to-air missile that also has the capability in the surface-to-air and air-to-surface missions.
Raytheon (NYSE:RTN) stocks are currently standing at 49.17.