The Shephard Group2008-11-24 09:33:17
Raytheon awarded contract for exploratory research in nuclear detection technology
Raytheon Company (NYSE: RTN) was awarded a Department of Homeland Security contract to develop a Stand-Off Warning Against Radiological Materials (SWARM) technology.
The first phase of this effort is an eight-month contract for $764,000 managed by DHS' Domestic Nuclear Detection Office under the Exploratory Research in Nuclear Detection Technology Program. It is the first of a five-phase development program worth $2.9 million if all options are exercised.
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