Raytheon takes $230m toll

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Raytheon has been awarded a $229.8m contract to partner with Florida's Turnpike Enterprise to supply electronic toll collection systems in the state for the next 10 years.

has been awarded a $229.8m contract to partner with

(FTE) to supply electronic toll collection systems in the state for the next 10 years.

Raytheon will provide 835 lanes of toll equipment, a central processing and audit system, and open road tolling technology. The Florida system will be modelled after the Highway 407 system in Toronto, Canada, which was pioneered by Raytheon nearly 10 years ago.

Installation is scheduled to be completed within four years, and Raytheon will remain under contract for the following six years for related tasks.

FTE manages a 612-mile system of limited-access toll highways. The current toll system is a hybrid consisting of lane-based cash and electronic tolling elements. Its mainline Turnpike passes through 11 counties from north Miami to a junction with Interstate 75 in central Florida. FTE also owns or operates other toll road systems throughout the state.

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