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Raytheon Locks Down $190 Million MDA Contract

Raytheon Company (NYSE: RTN) picked up a $190 million to construct and put in place a new Army/Navy Transportable Radar Surveillance (AN/TPY-2) radar.

According to the firm, the AN/TPY-2 is the nation’s best option to defend against a ballistic missile threats.

“The AN/TPY-2 provides a critical Ballistic Missile Defense capability for the warfighter, ” said David Gulla, vice president, National & Theater Security Programs for Raytheon’s Integrated Defense Systems. “We continue to partner with MDA to drive more affordability across our programs and enable a more rapid delivery of solutions into theater. We will continue to partner with our customer community and identify opportunities for increased cost savings and efficiencies.”

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