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WASHINGTON - Raytheon Co. won a $60.2 million contract to supply battlefield surveillance systems to the Army, the Defense Department said late Thursday.
| RTN | 45.65 |  0.06 |
The company will provide 75 Rapid Aerosate Initial Deployment, or RAID, tower systems and modification kits. Raytheon's RAID system uses electro optical/infrared sensors, radars and flash and acoustic detectors to conduct persistent battlefield surveillance.
Shares of Raytheon, based in Waltham, Mass., were up $1.30 at $65.17 Friday.
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