Word: raytheon
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RADAR WARS. When the Weather Service put out bids for the Nexrad system in % 1988, the choice came down to Sperry (now Unisys) and Raytheon. Sperry, which promised to build 121 machines for $386 million, was the low bidder. But two years into the job, the company insisted that it needed an additional $250 million to complete it. The government refused to pay, and the company refused to make any more radars. Now, with the Weather Service logging a record year for tornadoes (1,033 so far this year), the program is still stalled in court. A decision on whether...
Italy has also obtained permission to negotiate with Raytheon for the missiles, and Israel has expressed a strong interest in buying them, Harris said...
...Army will continue to award foreign contracts to Raytheon as long as demand persists, and will buy replacement parts for its own supply of missiles from the company for at least the next two years, he said...
...Raytheon may have cause for optimism for future sales, as several mid-East countries scramble to buy the missiles in the post-war era and an arms race between the Arabs and Israelis continues to escalate...
...whether the war will induce a lasting boom in Raytheon's sales remains to be seen...