Raytheon Awarded Airborne Radar Contracts at Year's End Worth $320 Million
Further growth expected in AESA radar programs
EL SEGUNDO, Calif., Dec. 29, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) booked $320 million this month in new contract awards related to its active electronically scanned array (AESA) radar programs for domestic and international customers.
With active electronic beam scanning, which allows the radar beam to be steered at nearly the speed of light, Raytheon AESA radars optimize situational awareness and provide superior air-to-air and air-to-surface capability. The agile beam enables the radars to "interleave" in near-real time, so that pilot and crew can use both modes simultaneously.
After designing and building the world's first operational AESA fighter radar, Raytheon has continuously advanced its AESA technology. More than 300 AESA radar systems have been delivered by Raytheon to customers for multiple platforms worldwide, and have been in service for more than 250,000 operational flight hours.
"Raytheon's AESA radars continue to set the industry standard for performance and reliability," said Mark Kula, vice president, Tactical Airborne Systems, Raytheon Space and Airborne Systems. "Our solid bookings in 2011 attest to this fact, and we expect to see continued growth in this area."
Raytheon Company, with 2010 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 89 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 72,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
SOURCE Raytheon Company