Raytheon Wins New Power Projects Worth $640 Million.

Business Wire | April 15, 1999 | Copyright

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 15, 1999--

Raytheon Engineers & Constructors (RE&C), a unit of Raytheon Company (NYSE: RTNA, RTNB), announced today that it has received new power projects totaling $640 million. The projects include a 1200-megawatt power plant in Batangas in the Philippines, an 800-megawatt power plant in New Jersey, and services work on nuclear power plants in Michigan and Illinois.

"We said last fall that we planned to grow our power business, particularly in light of the strong opportunities being created by market deregulation ...

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