Raytheon Gets $80.5 Million From U.S. Navy For Joint Standoff Weapon

(RTTNews) - Defense contractor Raytheon Co. (RTN), said it received a $80.5 million modification to an already awarded firm-fixed-price contract for the procurement of 200 full rate production Lot 10 AGM-154C-1 Joint Standoff Weapons or JSOW. The contract also comprises of associated support equipment and one performance characterization test. The anticipated closure of the work is in August 2016 and would be performed in Dallas, Cedar Rapids, Tucson, and McAlester.

With sales of $24 billion in 2012, Raytheon is a technology and innovation company specializing in defense, security and civil markets throughout the world has about 68,000 employees working worldwide.