|Raytheon Awarded $15.7 Million for Patriot Missile Support Services|
TEWKSBURY, Mass., May 2, 2011 /PRNewswire via COMTEX/ -- Raytheon Company (NYSE: RTN) has received a $15.7 million contract to provide material and technical services in support of the Patriot Missile Field Surveillance Program.
This sole-source contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is a follow-on to a 3-year contract previously awarded to Raytheon in January 2008. Under the new contract, Raytheon will continue to support the manufacture, assembly and testing of Patriot missiles through 2013.
"This work supports all Patriot customers, U.S. and our 11 international partners, who have selected the combat-proven Patriot as the foundation of their air and missile defense strategy," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "The Field Surveillance Program is a key part of Raytheon's commitment to ensuring system performance and helping the U.S. Army and its Patriot partners achieve their mission goals."
Work for this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; at IDS Headquarters, Tewksbury, Mass.; at Raytheon Technical Services Company, Burlington, Mass., and at Letterkenny Army Depot, Chambersburg, Pa.
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, 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