Raytheon Co. said Monday that it has won a $349 million five-year contract to provide anti-tank missiles for the U.S. government.
Under the contract, Raytheon will deliver 6,676 of the new wireless missiles for the U.S. Army. They receive commands from the gunner through a wirelessly, unlike earlier versions of the missile.
The defense contractor is based in Waltham, Mass. Its shares fell 14 cents to $55.34 by late afternoon. Its stock remains at the high end of its 52-week trading range of $41.59 to $58.68.