Raytheon wins U.S. army contract potentially worth $131 million


Raytheon Co has won a new contract to supply the U.S. army with thermal weapon sights in a deal potentially worth $131 million, the company said in a statement on Sunday.

This contract is a modification of an existing agreement. Under the new contract, Raytheon could potentially supply more than 24,000 sights.

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The thermal weapon sights will be built in McKinney, Texas, the headquarters of Raytheon's network centric systems (NCS) business, the statement said. The thermal sights allow a soldier to spot targets at long distances through haze, dust, and fog.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Marguerita Choy)