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Raytheon Awarded $128 Million for Patriot Engineering Services

Posted on: Tuesday, 10 March 2009, 08:00 CDT

TEWKSBURY, Mass., March 10, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $128.1 million U.S. Army contract for engineering services for the Patriot Air and Missile Defense System.

Issued by the U.S. Army Aviation and Missile Command, the contract calls for Raytheon to provide systems analysis, software and hardware engineering, testing and logistics support.

"This contract represents a continuation of the U.S. government and Raytheon's commitment to ensure that Patriot systems deployed by the U.S. Army and 11 international partners are maintained in the highest state of readiness," said Sanjay Kapoor, vice president of Patriot Programs at Raytheon Integrated Defense Systems (IDS).

In addition to U.S. Patriot systems, Raytheon will be supporting Patriot systems for Germany, The Netherlands, Saudi Arabia, Japan, Israel, Kuwait, Spain, Taiwan, Greece, South Korea, and the United Arab Emirates under the Foreign Military Sales program.

Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and systems integrator for Patriot Advanced Capability-3 missiles.

Integrated Defense Systems is Raytheon's leader in Global Capabilities Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

Raytheon Company, with 2008 sales of $23.2 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 87 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 73,000 people worldwide.

Contact: Roopa Bhide 978.858.1177

SOURCE Raytheon Company

Source: PR Newswire

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