UPDATE 1-U.S. Air Force to re-evaluate radar bids after Raytheon suit denied

WASHINGTON, May 13 (Reuters) – The U.S. Air Force on Wednesday said it would re-evaluate bids received in a $1 billion long-range radar competition after a federal court dismissed a Raytheon Co lawsuit that sought to halt a fresh look at the bidders of its losing rivals Northrop Grumman Corp and Lockheed Martin Corp.

Source: Technology Sector News

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