Raytheon Wins $600M Contract for C4I System for Saudi Arabia
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.
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