Raytheon (RTN) Gets $80.5M Contract Modification from US Navy,

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Posted On: 12/26/2013 11:52:32 AM

Posted By: trader4506

Raytheon Co. (RTN)

Shares of RTN surged after the company reported that it has received an $80.5 million modification to a previously awarded firm-fixed-price contract for the procurement of 200 full rate production Lot 10 AGM-154C-1 Joint Standoff Weapons (JSOWs).

The contract also includes associated support equipment and one performance characterization test.

JSOW, a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal imaging infrared seeker, provides growth and threat adaptation opportunities for current and future customers, and interoperates with several platforms to support domestic and international warfighters.

Work is expected to be completed in August 2016 and will be performed in Dallas, Texas; Cedar Rapids, Iowa; Tucson, Ariz.; and McAlester, Okla.

RTN is a technology and innovation leader specializing in defense, security and civil markets throughout the world.

More about Raytheon Co. (RTN) at www.raytheon.com

Crown Equity Holdings Inc. (CRWE)

The social network connects people with each other over the internet, along with businesses, educational institutions, health, and religious organizations all over the world.

CRWE is looking to deliver value for its stockholders in both the near and long term, and to improve the potential future growth for the company, is targeting the multi-billion dollar social networking service market.

CRWE is currently developing a social networking service and phone app, CRWE Network (CRWE-PR), that is designed to target all the communities in every state of the United States.

CRWE ‘s business plan is based on selling advertising to local businesses. Its goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums.