Raytheon inks $27M radar-system deal
Written on March 24, 2009
Raytheon Co. said Monday it has won a $27 million contract to provide radar systems for The Boeing Co.’s Ground Based Midcourse Defense program.
The six-month contract calls for the Waltham, Mass. defense company (NYSE: RTN) to continue development of its weapons system radars aboard vessels developed by Boeing and at various military installations in the United States and the United Kingdom.
Chicago-based Boeing (NYSE: BA) is the prime contractor for the ground-based defense element of the military’s Ballistic Missile Defense System no fax payday loan. Raytheon developed the radar systems as a subcontractor to Boeing.
Raytheon generated sales of $23.2 billion in 2008 from the U.S. defense agencies and foreign militaries.
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