Updated April 24 at 4:45pm

Raytheon among firms to get boost from budget

WASHINGTON – Raytheon Co., the Massachusetts-based maker of military missiles that has a facility in Portsmouth, R.I., and No. 1 overall defense-contractor Lockheed Martin Corp., saw millions of dollars added to their programs as part of a $604.5 billion defense budget request approved by the Senate Appropriations Committee, Bloomberg News reported last week. More

To continue reading this article, please do one of the following.



Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

technology

Raytheon among firms to get boost from budget

Posted:

WASHINGTON – Raytheon Co., the Massachusetts-based maker of military missiles that has a facility in Portsmouth, R.I., and No. 1 overall defense-contractor Lockheed Martin Corp., saw millions of dollars added to their programs as part of a $604.5 billion defense budget request approved by the Senate Appropriations Committee, Bloomberg News reported last week.

The panel endorsed adding $194 million to buy 50 more Patriot-3 missile-defense interceptors made by Bethesda, Md. -based Lockheed Martin.

The committee added $163 million to purchase a second mobile air-defense radar known as the AN/TPY-2 made by Waltham, Mass.-based Raytheon.

It also added $5 million more than the Pentagon requested for Raytheon’s Tomahawk cruise missiles, though it cut $17 million from a $381.7 million Defense Department request for 89 additional Raytheon Standard Missile-6 weapons, citing unit cost increases and testing issues.

The $604.5 billion bill also includes war spending for Afghanistan. On July 19, the House passed legislation giving the Pentagon $607.1 billion in the 2013 fiscal year for weapons purchases, personnel and war operations in Afghanistan, or about $2 billion more than the Obama administration requested. The Senate version matches the White House request. A floor vote hasn’t been scheduled.

Army aviation accounts also benefited as the appropriations panel added $700 million to replace combat losses. •

27~19, 081312 R.I. & MASS. NEWS BRIEFS, military, government, technology, Raytheon Co, 27~19, issue081312export.pbn

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News