Lexington-based Raytheon Co., the fourth-largest U.S. defense contractor with offices in Rhode Island, won a $43 million, U.S. Air Force order for 142 air-to-air missiles.
The advanced medium range air-to-air missile, or AMRAAM, is part of the Air Force’s regular annual buying and is the third
addition to a contract awarded in May, Raytheon spokeswoman Sara
Hammond said. The radar-guided missiles are used on the F-15, F-16
and F/A-18 fighter jets.
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The new contract, to be completed by August 2004, brings the
total number of the AMRAAM missiles purchased in the contract to
916, with a value of more than $333 million. Work will occur in
Andover, Massachusetts, with final assembly in Tucson, Arizona,
Raytheon said in a statement.
The Air Force has the option to purchase as many as 5,000 of
the AMRAAMs, worth almost $2 billion, in the next five years.
Shares Raytheon rose
52 cents to $28.98 in New York Stock Exchange composite trading
Friday.
Bloomberg News
