Raytheon Gets Radar Contract With Navy
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LEXINGTON, Mass. — Raytheon Co. won a $273.7-million contract to build three sophisticated over-the-horizon radar systems for the Navy, the company said.
The work, to be done at its manufacturing plant in Waltham and engineering facilities in Sudbury and Wayland, will not require new hiring but will “help maintain our manufacturing (employment) base,” said Maria McClellan, a company spokeswoman.
The market for such systems could nearly quadruple to about $1 billion in the next few years, McClellan said.
The current contract should be completed by July, 1993, she said.
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