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Raytheon Gets $163.5M Army Contract

Company said Monday it received two contracts valued at $163.5 million for surveillance equipment for armored Bradley fighting vehicles.

MCKINNEY, Texas (AP) -- Raytheon Co. said Monday it received two contracts valued at $163.5 million for surveillance equipment for armored Bradley fighting vehicles.

The contracts call for 822 viewer units and spares to equip the U.S. Army Bradley A3.

The viewer is a second-generation infrared vision system for the Bradley fighting vehicle. It provides a 360-degree battlefield view and early threat detection from longer ranges.

Kass Flockerzy, Raytheon program manager for the viewer, said Raytheon's equipment provides surveillance that gives the Bradley fighting vehicle "improved hunter and killer capabilities."

The work under these two awards will be managed by Network Centric Systems in McKinney, Texas.

Raytheon is based in Waltham, Mass.

Shares rose 48 cents to $38.95 in afternoon trading.

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