Tucson defense contractor wins Air Force contractPosted: Updated:
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.