Raytheon Receives $17 M in Orders for Army Sensor Development
(McKinney, Texas, February 14, 2008) -- Raytheon Company (NYSE: RTN) has received two U.S. Army orders totaling $17.2 million for 18 common sensor payloads as system design and development continues.
The orders are part of an indefinite delivery-indefinite quantity contract let in November 2007 with options up to $1.2 billion.
"We are still relatively early in the Army Common Sensor Payload program. However, our broad core market strength and experience in building electro- optical infrared systems are proving to be distinct advantages as we move forward," said Tim Carey, vice president for Intelligence, Surveillance and Reconnaissance at Raytheon Space and Airborne Systems. "SAS is developing a robust advanced sensor for the soldier and Army air-ground team that will provide tactical reconnaissance, surveillance, and mission support in target acquisition."
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