Raytheon Announces Sale of Commercial Infrared Unit to L-3 Communications
WALTHAM, Mass., Nov. 10, 2004 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) today announced the sale of its Raytheon Commercial Infrared (RCI) business to L-3 Communications Corporation. RCI, based in Dallas, Texas, designs, manufactures and sells a wide range of uncooled thermal imaging products primarily serving commercial markets including fire, security, public safety and transportation.
Terms were not disclosed.
Raytheon will continue to develop and produce state of the art uncooled thermal imaging systems for its military customers.
Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.
Media Contact:
James Fetig
781-522-5111
Investor Relations:
James Singer
781-522-5136
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