|Raytheon Awarded $128.5 Million for Patriot Engineering Services|
TEWKSBURY, Mass., April 27, 2011 /PRNewswire via COMTEX/ -- Raytheon Company (NYSE: RTN) was awarded a $128.5 million contract to provide engineering services for the Patriot Air and Missile Defense System.
Issued by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., the contract calls for Raytheon to continue to provide the latest upgrades and system capabilities through systems analysis, software and hardware engineering, and testing and logistics support to both U.S. and international Patriot customers.
"Patriot engineering services provide the U.S. Army and our 11 international partners with continued improvements to the Patriot system," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "This contract signifies the commitment by the U.S. government to ensure that Patriot systems are at the highest level of readiness."
Work for this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; at IDS Headquarters, Tewksbury, Mass.; at the Warfighter Protection Center, Huntsville, Ala.; and at the Mission Capability Verification Center, White Sands, N.M.
Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.
Raytheon Company (NYSE: RTN), with 2010 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 89 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 72,000 people worldwide.
SOURCE Raytheon Company