May 25, 2005 4:20 PM

Raytheon wins $3 billion Navy contract
Posted by Douglas Eisenhartat 4:20 PM

Keep an eye on local tech giant Raytheon, who just won one of their single biggest government contracts ever:

The U.S. Navy has awarded Raytheon Co. a $3 billion contract to develop radar, electronic and weapons systems for a new class of destroyers envisioned as the high-tech future of the U.S. fleet.
- - - -
[President of Raytheon's Tewksbury-based integrated defense systems unit] Dan Smith said the contract, which runs through 2009, will take the program from development through production. But he said it is too soon to tell if new jobs will be created as a result, or where.