
Raytheon [RTN] signed a five-year commercial performance-based logistics (PBL) contract with RUAG Switzerland Ltd. to service Switzerland’sadvanced digital radar warning receiver, the company said Friday.The ALR-67(V)3 warns F-18 pilots of potentially hostile activities using real-time situational awareness, the company said.“A PBL is like a service contract you'd buy with a car that recognizes extended use requires maintenance and periodic fixes. In this case, we will leverage our know-how and experience sustaining the 67(V)3 to enable a nearly 100-percent-supply availability of…