Raytheon enters into £250 million contract with UK Ministry of Defence

(Reuters) - Defence contractor Raytheon UK (RTN.N) said on Thursday it has signed a £250 million contract with Britain’s Ministry of Defence (MoD) to provide support services to the Royal Air Force’s fleet of surveillance aircraft for 11 years. The agreement will result in the creation of 200 jobs in North Wales, Raytheon said, with an additional 250 jobs sustained within the UK supply chain.