Raytheon’s Orlando unit wins $159M contract, plans to add local jobs

Global defense firm Raytheon’s Orlando division is bouncing back after losing a $3.5 billion military deal to Lockheed Martin Corp. last year, resulting in the firm laying off 52 local workers.

In late April, Raytheon (NYSE: RTN) won a $159 million contract with the U.S. Army. The work order is to support large-scale, live training exercises at the U.S. Army’s Joint Multinational Readiness Center located in Hohenfels, Germany. While Raytheon will have workers in Europe, various parts of the services will be performed at the company’s technical services branch in Orlando at 12792 Research Parkway. Read more here.