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Raytheon rebounds from last year's big loss with latest $159M contract

Matthew Richardson

The Orlando division of a global defense firm that last fall lost a massive deal to rival Lockheed Martin Corp. now is bouncing back. Waltham, Massachusetts-based Raytheon Corp. since then, within nearly a year, won a string of military deals totaling more than $3 billion in value — including a $159 million contract in April from the U.S. Army — spurring the firm to begin hiring again in Orlando. The most recent work order is to support large-scale, live training exercises at the U.S. Army Joint Multinational Readiness Center (JMRC) in Hohenfels, Germany, one of four combat training centers where soldiers are sent before being deployed.