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Raytheon Wins $521M Air Force Contract

Air Force awarded Raytheon a contract for 105 medium range air-to-air missiles that are carried by fighter planes and other equipment such as training missiles.

WASHINGTON (AP) -- The Air Force has awarded a $521 million missile contract to Raytheon Co.

The contract, announced Monday, is for 105 medium range air-to-air missiles that are carried by fighter planes and other equipment such as training missiles.

Shares of Waltham, Mass.-based Raytheon were up 13 cents to $47.79 in early trading Tuesday.

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