U.S. Department of Homeland Security Awards Raytheon New Contract to Provide Mission Critical Cybersecurity Solutions
Contract Could be Worth Approximately $1 Billion
DULLES, Va., Sept. 28, 2015 /PRNewswire/ -- The U.S. Department of Homeland Security (DHS) has selected Raytheon Company (NYSE: RTN) to be the prime contractor and systems integrator for the agency's Network Security Deployment (NSD) Division. NSD is responsible for the National Cybersecurity Protection System (NCPS), a system providing the vital infrastructure that assists more than 100 federal civilian government agencies with the protection of their networks against advanced cyber threats.
Raytheon will lead a team providing full lifecycle development and sustainment support. The period of performance under this single-award, IDIQ contract is five years, with the ability to extend some orders for up to an additional 24 months. The contract could be worth approximately $1 billion.
"Today's cyber threats are increasingly pervasive and serious, and our government and private sector institutions require the best protection possible," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services. "Raytheon has invested over $3.5 billion in recent years to build our cybersecurity capabilities, and we're looking forward to bringing the very best and most innovative solutions to the Department of Homeland Security."
Wajsgras added, "Cybersecurity incidents have increased an average of 66 percent a year worldwide between 2009 and 2014*."
Raytheon brings to NSD deep expertise in cybersecurity, with 30 years of domain experience supporting the intelligence community, government agencies and commercial customers. The scope for this contract is to provide NPPD with design, development, and operations/maintenance services in support of the NCPS.
*Source: PwC: Managing Cyber Risks in an Interconnected World (9/30/14)
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity 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 cybersecurity 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.
SOURCE Raytheon Company