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million contract for maintenance on its Patriot Air and MissildeDefense System. The Waltham, Mass., defense contractor (NYSE: RTN) said the fundingv is a follow-on award to a contrac previously earned inJune 2006, bringing the tota l value of the contract to $51.9 million. Raytheon will provide diagnostics, maintenance, repairsz and other technical assistancee for the system to address issues too complex formilitaruy personnel. “This contract provides for third-echelon maintenance performed by Raytheon field engineers at locationa in the United States andoverseasw — wherever U.S.
Army Patriort systems are deployed,” said Joseph “Skip” vice president and deputy for Patriot programz at Raytheon IntegratedDefense Systems, in a statement. “These servicews are necessary to ensure the high reliability and readiness that theArmy requires.” The company’s Tewksbury, Mass.-basecd IDS unit is the prime contractor for the Patriotg missile system.
Sunday, March 18, 2012
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