GARLAND, Texas, Oct. 13, 2005 /PRNewswire/ -- Raytheon Company and
Lockheed Martin have reached an out of court settlement agreement on the
Distributed Common Ground System (DCGS) litigation. While the details of the
settlement are confidential, it enables both companies to pursue future DCGS
efforts together or with other industry partners and respect the proprietary
information agreements between the two companies.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 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 80,000 people worldwide.
Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000
people worldwide and is principally engaged in the research, design,
development, manufacture and integration of advanced technology systems,
products and services. The corporation reported 2004 sales of $35.5 billion.
Contact:
Keith Little
703-849-1675
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Keith Little of Raytheon Company,
+1-703-849-1675
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