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Lockheed Martin, Raytheon units win $649.7 million defense contract: Pentagon

Posted on May 18, 2016 by Jeff

WASHINGTON Subsidiaries of Lockheed Martin Corp (LMT.N) and Raytheon Co (RTN.N) were awarded a combined $649.7 million modification contract for Paveway II laser-guided bombs, the U.S. Defense Department said on Monday.The modification provides for a five-year contract extension, the Department said in press release.

(Reporting by Eric Walsh; Editing by Mohammad Zargham)

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