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: Investor Relations:
James Fetig James Singer
SOURCE: Raytheon Company
Web site: http://www.raytheon.com/