Raytheon to Supply Radar for B-52 Bomber Modernization Program

Date : 07/11/2019 @ 6:24PM
Source : Dow Jones News
Stock : Raytheon Co (RTN)
Quote : 180.53  -6.45 (-3.45%) @ 1:00AM

Raytheon to Supply Radar for B-52 Bomber Modernization Program

Raytheon (NYSE:RTN)
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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.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

July 11, 2019 13:09 ET (17:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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