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    Watch Live:

    White House holds daily press briefing

    Raytheon wins $349M Army contract

    The Associated Press
    ,
    Associated Press•October 8, 2012

    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.