Raytheon to Supply Multispectral Targeting Systems to US Navy, Air Force

Raytheon logoRaytheon (NYSE: RTN) has been awarded two separate contracts worth $27.6 million and $17.8 million from the U.S. Navy and U.S. Air Force, respectively, to supply multispectral targeting systems to the military services.

The Navy and Air Force seek airborne, electro-optic, infrared, turreted sensor systems to fulfill the requirements for their MH-60 and C-130 programs, the Defense Department said Tuesday.

The multispectral targeting systems are intended to track and acquire targets and provide laser designation for guided munitions.

Raytheon will perform work at its McKinney, Texas-based facility through December 2016.

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