Raytheon to convert Massachusetts' highway tolling system

|About: Raytheon Company (RTN)|By:, SA News Editor

Raytheon (RTN +1%) and a team of Massachusetts-based companies will convert and replace all manual cash and electronic toll systems on several highways in the state with a system that will automatically toll vehicles as they travel under a gantry.

The $130M contract was awarded to Raytheon from the Massachusetts Department of Transportation, and will allow drivers to pass under toll stations at highway speeds.