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U.K. Terminates e-Borders Contract; Raytheon Awaits Review

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The United Kingdom's Home Office yesterday said it has decided to cancel its approximately $1 billion contract with Raytheon [RTN] for an electronic border (e-Borders) security program that the government said is at least a year behind schedule. Theresa May, the U.K. Home Secretary, said in a statement that she "has no confidence in the prime supplier of the e-Borders contract, Raytheon, which since July 2009 has been in breach of contract. With critical parts of the program already running…

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