Raytheon's 'Tippy Two' Radar Gets Back In The Budget -- Knock On Wood

Raytheon's 'Tippy Two' Radar Gets Back In The Budget -- Knock On Wood: Defense Secretary Chuck Hagel gave a nod to a high-tech radar, the AN/TPY-2 -- improbably nicknamed "Tippy Two" -- as a key component of America's burgeoning missile defenses. Next week could bring more good news for the radar's manufacturer, Raytheon: Not only will the company announce the delivery of the eighth TPY-2 system to the Army, but Congress is expected to add back a $163 million radar the administration had cut from the program -- that is, if the Senate manages to pass the defense appropriations bill.