Saturday, August 9, 2008

War Profiteer Blood Feud

Look at 'em scramble for those precious "defense" dollars.

The greed is palpable even out here!


"Honeywell sues Raytheon for grip on GPS technology

Raytheon Co., the world's largest missile maker, was sued by rival defense contractor Honeywell International Inc. for allegedly monopolizing a radio technology worth billions of dollars to the US armed forces. An exclusive contract between Raytheon and Rockwell Collins Inc., maker of military communication systems, prevents Honeywell from competing to build a prototype state-of-the-art Navy aircraft landing system incorporating global-positioning-system technology, Honeywell's lawyers said in a complaint filed in federal court in Newark. Rockwell Collins makes the only type of radio that satisfies Navy specifications for the GPS-based system, according to the complaint. A spokesman for Waltham-based Raytheon declined to comment (Bloomberg)."