Raytheon rebounds from last year’s big loss with latest $159M contract


The Orlando division of a global defense firm that last fall lost a massive deal to rival Lockheed Martin Corp. now is bouncing back.

Waltham, Massachusetts-based Raytheon Corp. since then, within nearly a year, won a string of military deals totaling more than $3 billion in value — including a $159 million contract in April from the U.S. Army — spurring the firm to begin hiring again in Orlando. The most recent work order is to support large-scale, live training exercises at the U.S. Army Joint Multinational Readiness Center (JMRC) in Hohenfels, Germany, one of four combat training centers where soldiers are sent before being deployed. Read more here.