May 14, 2009 (FinancialWire) — Raytheon Co. (NYSE: RTN) said it has received a $19.8 million contract from the U.S. Air Force for continued production of a line of towed decoys.

According to Raytheon, the award represents the 13th production lot of the decoys, which are used by the Navy as well as the Air Force. The contract calls for 807 decoys for the Air Force to be delivered through April 2011.

Production of equipment line began in December 1996. Completion of the Lot 13 program will bring the total number of decoys produced by Raytheon to 26,489.

Towed decoy systems are designed to enhance aircraft survivability by acting as preferential targets for many types of missiles. The system under contract currently equips F-16, B-1B and F/A-18 aircraft.

Waltham, Massachusetts-based Raytheon specializes in defense, homeland security and other government markets. The company provides electronics, mission systems integration and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems, as well as a range of mission support services.

Raytheon employs 73,000 people worldwide.

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