ECONOMY

Greece’s Intracom signs new contract with Raytheon

Athens-listed Intracom announced on Tuesday that the Greek defense electronics and communications systems manufacturer has extended its cooperation with Raytheon with the signing of a new contract worth $63 million to manufacture subsystems for the Patriot defense system.

It is scheduled to be completed by February 2017.

Intracom added that the new contract expands its cooperation with prominent US suppliers in international programs.

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