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By Michael Dabaie
Raytheon Co. (RTN) said it was selected by Boeing Co. (BA) as radar supplier for the B-52 bomber radar modernization program.
Raytheon said it will produce active electronically scanned array radar systems for the entire U.S. Air Force B-52 fleet.
Low rate initial production is scheduled to begin in 2024, Raytheon said.
Shares are up 0.7% to $178.31.
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(END) Dow Jones Newswires
July 11, 2019 13:09 ET (17:09 GMT)
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