
Following favorable resolution last week of a contract protest, Raytheon [RTN] on Wednesday said it is expanding its presence in Colorado Springs, Colo., to support operations at NORAD’s Cheyenne Mountain Complex.Raytheon won the potential five-year $700 million indefinite-delivery, indefinite-quantity Air Force contract in April, unseating long-time incumbent Lockheed Martin [LMT], which unsuccessfully protested the award. Raytheon said the Government Accountability Office on Aug. 25 ruled in its favor, allowing work under the contract to begin.Raytheon in April said that under…