May 9, 2016 / 9:32 PM / a year ago

Lockheed Martin, Raytheon units win $649.7 million defense contract: Pentagon

One of Raytheon's Integrated Defense buildings is seen in San Diego, California January 20, 2011. REUTERS/Mike Blake

WASHINGTON (Reuters) - Subsidiaries of Lockheed Martin Corp (LMT.N) and Raytheon Co (RTN.N) were awarded a combined $649.7 million modification contract for Paveway II laser-guided bombs, the U.S. Defense Department said on Monday.

The modification provides for a five-year contract extension, the Department said in press release.

Reporting by Eric Walsh; Editing by Mohammad Zargham

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