Raytheon gets $78m Navy radar deal

The Navy on Thursday awarded a $77.8 million contract to a unit of Raytheon Co. to produce a radar warning system for the U.S. and Australian governments.

The Goleta, Calif.-based Raytheon Co. Electronics Systems will provide a radar system that provide visual and aural alerts to crew members of the F-18 series aircraft. The system is designed to enhance a pilot's situational awareness to provide accurate identification of hostile and friendly signals.

The company will perform the work in various U.S. locations including El Segundo, Calif., Goleta, Calif., Forest, Miss. and McKinney, Texas, among others through March 2010. (AP)