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Raytheon Awarded $173 Million for Infrared Technology Kits from U.S. Army

The U.S. Army has awarded Raytheon Company (NYSE: RTN) $173 million to provide second-generation infrared kits for a variety of combat systems.

The firm fixed price award modifies an existing contract and provides an additional 6,153 Horizontal Technology Integration (HTI) Second Generation-Forward Looking Infrared (SG-FLIR) Block 1 A/B-Kits.

"SG-FLIR is a core infrared sensor supporting fire control and surveillance on several critical U.S. Army ground combat systems," said Bernie Smith, Raytheon senior program manager for HTI. "This award also includes foreign military sales to Iraqi and Egyptian forces to provide thermal receiver upgrades for M1 Abrams tanks."

Raytheon Network Centric Systems has delivered more than 10,000 HTI SG-FLIR kits to the U.S. Army for a variety of platforms, providing clear, accurate, day and night situational awareness for the soldier. The work under this contract will be managed by the company's Combat Systems group in McKinney, Texas.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

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