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Raytheon Awarded $152 Million for Patriot Engineering Services
TEWKSBURY, Mass., March 9, 2010 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $152.4 million contract modification to provide engineering services for the Patriot Air and Missile Defense System.
This contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the second of four annual modifications to the original 2009 baseline contract for Patriot engineering services. Under the contract, Raytheon will continue to provide the latest upgrades and system capabilities through systems analysis, software and hardware engineering, and testing and logistics support to both U.S. and international Patriot customers.
"The engineering services program is the cornerstone of Raytheon's commitment to ensuring system performance and helping the Army achieve its goal of mission readiness," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "This award further solidifies our partnership with the U.S. and our 11 partner nations that have selected Patriot as the foundation of their air and missile defense strategy."
Work for this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; IDS Headquarters, Tewksbury, Mass.; the Warfighter Protection Center, Huntsville, Ala.; and the Mission Capability Verification Center, White Sands, N.M.
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 2009 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 88 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 75,000 people worldwide.
SOURCE Raytheon Company