Raytheon wins $232M military contract

Raytheon Co. and General Dynamics Ordnance and Tactical Systems won a U.S. Army contract worth $232.3 million to develop midrange ammunition for a mounted combat system of a proposed tanklike vehicle.  This win will establish Raytheon as a high-tech ammunition business, diversifying the company away from its traditional missile business and identity.  For more on this, see Raytheon wins army contract worth $232M and return here to comment.