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

Matthew Richardson

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.