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

Cal Biesecker By
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Raytheon Settles eBorders Dispute With U.K. For $223 Million
U.K. Home Secretary Theresa May. Photo: U.K. Home Office

Raytheon [RTN] on Friday 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 (Defense Daily, Aug. 18, 2014).The Arbitration Tribunal said at the time that the U.K. Home Office had unlawfully…

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