The contract will allow Raytheon to research radiation technology for the government agency.
The follow-on contract is the second part of a five-phase program worth a total of $2.9 million. Raytheon will develop strategies to address the challenge of nuclear radiation detection.
This is the third government contract the defense company has secured in two months. In May, the company earned 5-year Battle Command Development contract with the U.S. Army worth $777.4 million.
The week before, Raytheon was awarded a contract worth $259.9 million by the US Navy to overhaul and upgrade 57 Phalanx close-in weapon systems.
Shares in Raytheon stock moved up 18 cents (0.43%) to $43.19 in late afternoon trading.
Click here for more Business News
YourFINDit Community is a business, music and social networking community. YourFINDit provides members with a wealth of applications that enable them to create an in depth profile within YourFINDit. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the YourFINDit community. YourFINDit provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.
To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.
YourFindit is owned and operated by TransWorldNews, Inc., a news and press release distribution service.