Zacks:
Raytheon Company’s (RTN – Free Report) Missile Systems (MS) business unit recently won a $315 million deal for the production of the Griffin Missiles. The contract was awarded by the U.S. Special Operations Command Contracting Office, Tampa, FL.
Per the terms of the deal, Raytheon will also provide related assistance for product improvement, operations and sustainment for the Griffin Missiles. Work related to the deal will be performed at the contractor facilities in Tucson, AZ.
The company will utilize fiscal 2018 research, development, and testing and evaluation funds for completing the tasks. Raytheon may also secure additional funding on a delivery/task-order basis.
