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Print Edition StoriesThursday, March 26, 2009
Raytheon gets $2.3M for radiation detector tech
By Brendan Lynch
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Raytheon Co. reports it has landed $2.3 million from the U.S. Department of Homeland Security for the development of radiation detection systems.
Under the contract, the defense giant will construct a prototype stand-off radiation detection system for Homeland Security. The contract is the third of a four-phase development program potentially worth $9.9 million if all of the options are exercised.
Raytheon is working on the project with researchers from the Charles Stark Draper Laboratory in Cambridge, Radiation Monitoring Devices Inc. in Watertown, Los Alamos National Laboratory, Bubble Technology Industries in Chalk River, Ontario, and the University of Michigan in Ann Arbor, Mich.
In July of 2008 Raytheon took in $4.7 million in the second phase of the project. The device is intended to determine the type and location of radiation sources at greater distances than current technology allows, the company said.
Waltham-based Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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