Tucson defense contractor wins Air Force contract

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TUCSON, Ariz. (AP) -- Tucson-based Raytheon Corp. has won a lucrative missile contract from the U.S. Air Force.

The company announced it was awarded $450 million to design, engineer, manufacture and develop a new air-launched, precision-strike missile that can defeat moving and fixed targets during bad weather.

Delivery is expected to begin in 2013 with a required assets available date in late 2014.

It is unclear where the missile will be manufactured.

Raytheon is Southern Arizona's largest employer.

Online:

http://www.raytheon.com/

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