Bloomberg News, Raytheon Co., the world's largest missile maker, received a U.S. Navy order worth as much as $210 million for radar warning systems used on aircraft in Iraq.
Raytheon will supply 30 of the ALR-67(V)3 radar warning systems, used on Navy F/A-18 Super Hornet jets launched from aircraft carriers, under an initial $43.3 million contract, the Waltham, Massachusetts-based company said in a statement.
Another 140 systems may be supplied under four annual contract options worth $166.3 million. The warning system weighs 100 pounds and protects aircrews by detecting and locating enemy radar that could be used to target U.S. planes.
Raytheon began initial production of the warning systems in 1998, and full production in 1999. The use in Iraq marked their initial combat deployment, the statement said. Deliveries under the new contract will begin in October 2005 and will be completed by September 2006.
Shares of Raytheon fell 7 cents to $34.59 at 12:45 p.m. in New York Stock Exchange composite trading. They had risen 8.1 percent in the past year.
