Friday, March 19, 2010

Wartsila signs navigation tech deal with Raytheon

raytheon-logo

* Signs technology deal with Raytheon German unit

* Value not disclosed


Defense News: HELSINKI, March 19 (Reuters) - Finnish engineering firm Wartsila (WRT1V.HE) has signed a navigation technology deal with the German unit of Raytheon (RTN.N), the company said on Friday, but did not disclose the value of the deal.

"The agreement extends the scope of Wartsila's offering of integrated system solutions to include navigation systems, which can now be offered by Wartsila on a global basis," Wartsila said in a statement.

It said the deal was made with Raytheon Anschutz, which makes navigation systems for large naval and commercial vessels. (Reporting by Eva Lamppu; Editing by Hans Peters)

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