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Defense Department to give $250 million to Tucson?s Raytheon for new missiles
Tucson-based defense contractor Raytheon Missile Systems was awarded more than $250 million in two Defense Department contracts Friday, which fulfill commitments from the Army and the US Missile Defense Agency.
The first contract is for nearly $50 million to help Raytheon
finish development of the newest line of missiles designed to shoot down
long-range Inter-Continental Ballistic Missiles (ICBMs) in mid-air. They will be
used for a planned missile defense shield in
An earlier generation of the missiles are already deployed on
The other $200 million will buy long-range tube-launched,
optically-tracked, wireless-guided TOW
missiles that Raytheon manufactures in Tucson and
Raytheon said no new jobs will come from the contracts because they are for on-going manufacturing and development projects.