Northrop, Raytheon given Pentagon contracts for Southern Arizona operations
Arizona operations of Raytheon Co. and Northrop Grumman were awarded $237.4 million in Pentagon contracts Friday.
Raytheon's missile division in Tucson is getting a $220.5 million contract for anti-missile weapons systems from the U.S. Navy. The antimissile defense systems are used in Iraq.
Northrop's operations in Sierra Vista are getting a $16.9 million U.S faxless payday advance. Army contract related to unmanned aerial vehicles. UAVs, or drones, are used by the U.S. military in Iraq and Afghanistan.
Northrop (NYSE: NOC) is based in Los Angeles; Raytheon (NYSE: RTN) in Massachusetts.