LYCOS RETRIEVER 
Raytheon: Contracts
built 288 days ago
Raytheon is under contract to make the first 500 rounds. The Army program office at Picatinny Arsenal, N.J., says Raytheon will produce at least the first 3,000 shells and could compete to make the remaining 27,000.
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In the early 90s Raytheon was found liable for inflating the cost of missile test equipment, Patriot missiles, and a US$72m radar contract, to the US government. They were ordered by court to pay US$2.5, US$3.7m and US$4m respectively.
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[T]he contract is seen as only the first step in what could become Raytheon's largest nondefense program by the end of the decade. Homeland security officials, who'd like to deploy the new portals at more than 600 ports of entry, have estimated the program could be worth more than $1 billion over the next five years.
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