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Raytheon Wins $131M Contract to Modify Thermal Weapon Sights; Jeff Miller Comments

Raytheon Co. (NYSE: RTN) has won a $131 million modification contract from the U.S. Army to enhance the capabilities of thermal weapon sights, according to a company statement.

The modification extends work under the existing contract by three years, enabling Raytheon to provide more than 24, 000 sights over the life of the contract.

“This is just one example of how Raytheon is putting rugged lightweight thermal imaging technology in soldiers’ hands to deliver clear targeting and surveillance imagery, significantly increasing survivability, ” said Jeff Miller, vice president of combat and sensing systems in Raytheon’s network centric systems.

According to the company, the contract will enhance the weapon with the goal of enabling soldiers to better detect and engage targets.

“Our troops are getting equipment with improved detection ranges and the ability to operate effectively day or night, ” Miller added.

Work will be performed in Raytheon’s network centric systems facility in McKinney, Texas.

TWS enables soldiers to spot targets at long distances through haze, dust, fog and other obscurants.

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