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|Raytheon Awarded $106 Million for Aegis Radar Work|
NATIONAL HARBOR, Md., April 17, 2012 /PRNewswire via COMTEX/ --The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $106.4 million modification to a previously awarded contract for the production of Aegis-related equipment, including the AN/SPY-1(D)V radar transmitter and MK99 Mod 14 Fire Control System. With this modification, Raytheon will continue its long history of reliable manufacturing of these two essential components, which are critical to Aegis' air and missile defense capabilities.
The work will support DDG 116, the next planned ship of the Arleigh Burke-class of destroyers, as well as the Aegis Ashore missile defense system. Raytheon's AN/SPY-1 radar transmitters and MK99 Fire Control System, both key elements of the Aegis system, have been in production for more than 30 years as part of the U.S. Navy's Aegis shipbuilding program.
"Raytheon has partnered with the Navy for more than three decades on Aegis, and we look forward to supporting the next stage of the program," said Denis Donohue, director of Above Water Sensors for Raytheon's Integrated Defense Systems business. "As the world's preeminent leader in naval radar technology, we are uniquely positioned to advance the legacy of Aegis and build upon its proven capabilities."
Raytheon's Work on Aegis
Raytheon also provides performance-based logistics support, including spares and repairs, for Aegis weapons systems. In addition, the company manages system repairs in support of foreign military sales. The AN/SPY-1 and the MK99 are currently aboard the U.S. Navy's fleet of cruisers and destroyers, as well as Japanese Kongo-class destroyers, Spanish F-100-class frigates, and South Korean KDX-111 King Sejong the Great-class destroyers. The AN/SPY-1 radar will also be deployed by the Royal Australian Navy's future Air Warfare Destroyer. Raytheon Australia serves as the combat systems integrator for AWD.
Work on this contract will be performed at Raytheon IDS' Surveillance and Sensors Center, Sudbury, Mass.; Seapower Capability Center, Portsmouth, R.I.; and Integrated Air Defense Center, Andover, Mass.
Radar Expertise and Heritage
Raytheon's radar expertise spans the spectrum from UHF to X/Ku-band for both land-based and naval radar solutions. The company's program management, manufacturing maturity and infrastructure, and technology expertise continue to evolve to support both legacy and next-generation radars, such as the U.S. Navy's Dual Band Radar, Cobra Judy Replacement, and Air and Missile Defense Radar. To learn more about Raytheon's radar capabilities, visit http://www.raytheon.com/capabilities/radar/.
Raytheon Company, with 2011 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 71,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
SOURCE Raytheon Company