Raytheon Selected to Compete for U.K. Royal Navy Training Contract
RESTON, Va., June 24, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been selected by the U.K. Ministry of Defence to compete for a program that will provide support to the Royal Navy across initial entry training, warfighting shore training and youth training.
As part of this downselect, Raytheon, through its U.K. subsidiary Raytheon Systems Limited, will compete with three other companies during a competitive dialogue process that will end with a preferred bidder announcement in mid 2011. The contract is scheduled to begin in 2012.
"This opportunity enables us to demonstrate to the Royal Navy our approach to developing tailored training solutions substantiated by results with customers across defense government and commercial markets," said David Appel, a Raytheon Technical Services Company LLC director responsible for military training programs in the United Kingdom. "Our solution will show how we can improve operational capability while providing cost effectiveness."
The scope of the program will include training delivery, training support and training quality services. The estimated value of the contract is between $350 million to $550 million during a six-year base period with options up to 15 years.
Raytheon Technical Services Company provides technical, scientific and professional services, as well as a full spectrum of training services and outsourcing for defense, federal and commercial customers worldwide. It specializes in Mission Support, training, counter-proliferation and counter-terrorism, range operations, product support, homeland security solutions and customized engineering services.
Raytheon Systems Limited is the U.K.-based subsidiary of Raytheon Company. It is a prime contractor and major supplier to the U.K. Ministry of Defence and has developed strong capabilities in Mission Systems Integration in defense, national security and commercial markets. RSL also designs, develops and manufactures a range of high- technology electronic systems and software at its facilities in England, Scotland, Wales and Northern Ireland.
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.
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SOURCE: Raytheon Company
Web site: http://www.raytheon.com/
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