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Sunday, November 04, 2007

Raytheon wins Air Force jet radar contract

F-15Es upgrade may bring firm as much as $1b over 10 years

Waltham defense giant Raytheon Co. yesterday said it won a contract to upgrade radar for the Air Force's F-15E fighter jets, an award with an estimated value of up to $1 billion over 10 years.

Raytheon will supply its advanced technology systems, called active electronically scanned array, or AESA, radar, to Boeing Co., the prime contractor for the aircraft. The parties wouldn't disclose a price tag for the program, which will upgrade all 224 of the two-seat F-15E fighters used in air-to-air and air-to-ground combat.

Defense analyst Howard Rubel at Jefferies & Co., however, said the contract would be worth "in the $1 billion range" over the coming decade for Raytheon's Space & Airborne Systems business.

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