Raytheon Wins Philippines Border Security Contract

Raytheon Wins Philippines Border Security Contract

In what it says is a first for the defense contractor, Waltham, Mass.-based Raytheon announced Friday that it has won a Defense Threat Reduction Agency (DTRA) contract for maritime border security in the Philippines.

DTRA is a U.S. agency under the Department of Defense, responsible for interdicting the movement of weapons of mass destruction (WMD), such as chemical, biological, radiological, nuclear, and high-yield explosive devices, across national borders.

Under the two-year base contract, which may be extended at DTRA's option, Raytheon will design and construct a National Coast Watch Center in the Philippines, support integration of data from various agencies into this Center, and install an automatic identification system as well as radio communications there for use by the government of the Philippines. This contract was awarded in July, and will run through at least July 31, 2015. If all options are exercised, Raytheon says the contract could be worth up to $18 million.

Raytheon said this is the first DTRA border security contract it has ever won in Southeast Asia.


The article Raytheon Wins Philippines Border Security Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.