Raytheon Wins $85.3 Million Projectile Contract
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[September 05, 2008]

Raytheon Wins $85.3 Million Projectile Contract

(InvesTrend Via Acquire Media NewsEdge)
September 5, 2008 (FinancialWire) -- The U.S. Army has awarded Raytheon
Co. (NYSE: RTN) (Current Market Cap: US$24.99 Bil.) an $85.3 million
contract to produce tactical Excalibur projectiles for the U.S. Army,
U.S. Marine Corps and the Australian Defence Forces.
Excalibur, a cooperative effort between Raytheon Missile Systems and
BAE Systems Bofors of Sweden, is an artillery projectile designed for
current and future 155 millimeter howitzers.
The Excalibur is designed to have a 24.8 mile range that offers better
than 32.8 foot accuracy, according to Raytheon.
Waltham, Massachusetts-based Raytheon posted 2007 sales of $21.3
billion. The company specializes in defense, homeland security and
other government markets throughout the world. Raytheon employs 72,000
people worldwide.
FinancialWire is a fully independent, proprietary news wire service of
Investrend Information (a division of Investrend Communications, Inc.).
FinancialWire news is written by professional journalists, dedicated


to pure journalistic standards. FinancialWire does not receive or
accept any compensation from any individual or subject company (or
representative thereof) for its news or opinions. All FinancialWire
news is available at http://www.financialwire.net . Please address any
inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available
at http://investrend.ar.wilink.com/?level=279 .

(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))



Copyright ? 2008 M2 Communications Ltd.

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