Raytheon beats Lockheed, Northrop in U.K.'s ASTOR program

Raytheon Systems Ltd. was chosen by the U.K. as the preferred bidder for the $1.3 billion Airborne Standoff Radar (ASTOR) program. The Ministry of Defense picked the U.K. subsidiary of Raytheon Co. over British-based units of Lockheed Martin and Northrop Grumman for the ASTOR contract, which is...

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