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Raytheon Settles eBorders Dispute With U.K. For $223 Million

Friday, April 3rd, 2015

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Raytheon [RTN] on March 27 said it has amicably settled a five-year-old dispute with the United Kingdom Home Office related to the agency’s termination of a border security program the company had been delivering for Britain.The $223 million cash settlement in favor of Raytheon is less than the $392 million that a British arbitration ruled for in favor of the company last August.The Arbitration Tribunal said at the time that the U.K. Home Office had unlawfully terminated the eBorders contract…

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