|U.S. Army Awards Raytheon $51.5 Million Contract for Improvised Explosive Device Defeat System|
INDIANAPOLIS, Jan. 26, 2011 /PRNewswire via COMTEX/ -- The U.S. Army has awarded Raytheon Company (NYSE: RTN) a $51.5 million firm-fixed-price contract to produce a system to defeat improvised explosive devices. Work will be performed at the Raytheon Technical Services Company LLC site in Indianapolis. Further details will not be made public.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
SOURCE Raytheon Company