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Business/Financial

Raytheon Wins $1.3 Billion U.K. e-Borders Contract

DDN

Thursday, November 15th, 2007

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By Calvin Biesecker Raytheon [RTN] yesterday was selected by the United Kingdom's Home Office to receive a $1.3 billion contract to develop and install a border security system that will allow British authorities to check the background of persons entering and exiting the country against various watch lists. Raytheon beat British Telecom for the e-Borders contract. In two years, Raytheon's Trusted Borders team is expected to have the back end processing system in place to allow border management agencies to…

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