Raytheon (NYSE:RTN) Wins Army Contract

Raytheon (NYSE:RTN) has been awarded a contract worth up to $2.5 billion from the U.S. Army. Raytheon (NYSE:RTN) Wins Army Contract Raytheon (NYSE:RTN)'s Technical Services Company LLC has secured a contract from U.S. Army Forces Command to cover work on an expedited process for operational customers in the Army and Department of Defense. This Operations, Planning, Training and Resource Support Services II contract covers a range of activity, including operational planning and training. John Harris, the president of Raytheon (NYSE:RTN) Technical Services Company said that, “RTSC’s strong capabilities in training, logistics and engineering services are key enablers in our OPTARSS II team’s ability to meet the customer’s mission requirements. We have assembled a diverse team of small-, medium- and large-business partners, all of which are focused on offering services and solutions to our war fighters, anytime and everywhere." Raytheon (NYSE:RTN) shares were at 50.7 at the end of the last day’s trading. There’s been a 11.5% change in the stock price over the past 3 months. Raytheon (NYSE:RTN) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.29 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.18 Zack’s Rank: 1 out of 4 in the industry
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