World Surveillance Group Inc (fka WSGI)

[crashtestsuperstar]

Army, Raytheon in Threat-Detection Deal
Thursday October 5, 5:35 pm ET
Army Awards Raytheon $11.6 Million Deal for Aerial Threat Detection System


WASHINGTON (AP) -- The Army on Thursday awarded a delivery order worth nearly $11.6 million to military contractor Raytheon Co. for a threat detection system deployed via towers, masts and airships.

The award is part of a more than $23.1 million contract for the Rapid Aerostat Initial Deployment system and RAID Eagle Eye sensor systems that are used to detect and identify threats at a distance, according to the Army.

Contract work is expected to be completed by Aug. 30, 2007.

Shares of Raytheon added 40 cents to close at $49.60 on the New York Stock Exchange.