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

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Raytheon [RTN] recently 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 receive information on…

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