US Army Awards Raytheon $51.5 Million Contract for Improvised Explosive Device Defeat System

INDIANAPOLIS, Jan. 26, 2011
The U.S. Army has awarded Raytheon Company (NYSE: RTN) a $51.5 million firm-fixed-price contract to produce a system to defeat improvised explosive devices.
Work will be performed at the Raytheon Technical Services Company LLC site in Indianapolis. Further details will not be made public.