Raytheon Company (NYSE: RTN) has received a contract to deliver a Command, Control, Communications, Computers and Intelligence (C4I) system to the Kingdom of Saudi Arabia.
The contract, received by Raytheon's Network Centric Systems business and valued in excess of $600 million, was awarded as a direct commercial sale by the Saudi Ministry of Defense (MOD) and will provide a national, strategic C4I system, providing capabilities for joint service coordination.
Extending over four decades of cooperation, Raytheon values its continuing partnership with the Kingdom and is proud to have been selected to implement this essential system.
Source: Raytheon Corporation (NYSE: RTN)
Date: Nov 27, 2012