Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Raytheon Wins Philippines Border Security Contract

In what it says is a first for the defense contractor, Waltham, Mass.-based Raytheon (NYSE: RTN  ) announced Friday that it has won a Defense Threat Reduction Agency (DTRA) contract for maritime border security in the Philippines.

DTRA is a U.S. agency under the Department of Defense, responsible for interdicting the movement of weapons of mass destruction (WMD), such as chemical, biological, radiological, nuclear, and high-yield explosive devices, across national borders.

Under the two-year base contract, which may be extended at DTRA's option, Raytheon will design and construct a National Coast Watch Center in the Philippines, support integration of data from various agencies into this Center, and install an automatic identification system as well as radio communications there for use by the government of the Philippines. This contract was awarded in July, and will run through at least July 31, 2015. If all options are exercised, Raytheon says the contract could be worth up to $18 million.

Raytheon said this is the first DTRA border security contract it has ever won in Southeast Asia.


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2607854, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:16:55 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:02 PM
RTN $139.37 Up +0.26 +0.19%
Raytheon CAPS Rating: ****