Raytheon  (RTN - Get Report)  announced that it received a U.S. Army contract that could be worth up to $600 million to design, test and deploy software updates for critical systems used by U.S. combatant commands.

"Raytheon's decades of experience in software sustainment and modernization will help the Army put the best systems in the hands of our soldiers around the globe," said Raytheon executive Todd Probert.

Raytheon's software will support Army systems for strategic missiles and launchers, radar, data mining, intelligence surveillance and reconnaissance, among others. 

Raytheon shares were basically even at $160.70 early Thursday afternoon. 

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