Raytheon awarded 1-year extension on National Science Foundation contract in the Antarctic

Raytheon gets extension on Antarctic contract

RESTON, Virgina — Raytheon Co. said Monday that it has been awarded a one-year extension on its contract to assist the National Science Foundation’s work in the Antarctic.

Raytheon’s Polar Services division provides science, operations and logistics support for the U.S. Antarctic Program. Raytheon Polar Services employs about 350 full-time staff and hires about 1,400 contract employees from its offices in Centennial, Colorado.

Raytheon was first picked as the prime contractor in 2000. The new contract extends its work through 2011.

Financial terms weren’t disclosed.

Shares of Raytheon fell rose 63 cents to close earlier at $57.55.