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RAYTHEON AND VALEO TO DEVELOP SENSORS

RAYTHEON AND VALEO TO DEVELOP AUTOMOTIVE RADAR SENSORS

6 Jun 02. Raytheon Co. (NYSE: RTN.B – News) and Valeo S.A. (F.VAL) plan to develop and market automotive radar sensors through a 50/50 joint venture.

Raytheon said its obstacle detection radar technology will be used to develop “blind spot” sensors that detect obstacles and alert drivers to potential hazards.

The Paris -based automotive systems supplier, Valeo, will provide its
development and marketing capabilities to the venture. Raytheon plans to release the venture’s name and location when the agreement is finalized, which is expected in the third quarter.

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