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Raytheon : cleared to take over $700M Lockheed contract, despite protest (BRIEF)

09/01/2015 | 03:04pm US/Eastern

Sept. 01--Raytheon Co. will begin taking over a North American Aerospace Defense Command contract from Lockheed Martin Corp. Tuesday after the Government Accountability Office last week denied Lockheed's protest of the $700 million award to Raytheon.

The Integrated Space Command and Control contract will move from Lockheed to Raytheon between Tuesday and year's end, which Raytheon said would accelerate its plans to add up to 700 employees to its 100-person staff in Colorado Springs by the end of 2016.

As part of ramping up its operations, Raytheon said in a news release that it is planning recruiting events in Colorado Springs and is acquiring and building out additional office space to accommodate the employees it plans to hire.

Under the contract, Raytheon will provide around-the-clock support to the NORAD's Cheyenne Mountain Complex as well as maintain and update sensor and software systems for the command's Tactical Warning/Attack Assessment network.

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(c)2015 The Gazette (Colorado Springs, Colo.)

Visit The Gazette (Colorado Springs, Colo.) at www.gazette.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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