Raytheon Awarded $700 million NORAD Contract
DULLES, Va., April 1, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $700 million indefinite-delivery/indefinite-quantity contract to support threat warnings and assessments for the North American Aerospace Defense Command Cheyenne Mountain Complex.
Raytheon will provide sustainment services and products supporting the Integrated Tactical Warning/Attack Assessment and other systems covered by the contract. The program provides NORAD authorities with accurate, timely and unambiguous warning and attack assessment of air, missile and space threats.
"Raytheon has deep expertise in sustainment and modification solutions that include sensor and software systems, radars, command and control, and range-engineering services," said David Wajsgras, President of Raytheon Intelligence, Information and Services. "We look forward to working closely with the Air Force in this important area of national security."
The contract work will be performed at Peterson AFB, Colo.; Cheyenne Mountain Air Force Station, Colo.; Vandenberg AFB, Calif.; and Offutt AFB, Neb., and is expected to be complete by March 30, 2020.
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 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 cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
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SOURCE Raytheon Company