Raytheon Books $50 Million in Electronic Warfare Contracts
Continued growth expected in EW field
EL SEGUNDO, Calif., Dec. 30, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) booked $50 million this month in new contract awards related to its electronic warfare (EW) business.
Raytheon's industry-leading electronic warfare portfolio includes airborne and shipboard jammers, towed decoys and radar warning receivers in use on strategic and tactical aircraft, helicopters and surface ships of the U.S. Air Force, U.S. Navy and international customers.
"For more than 50 years, Raytheon's EW products have earned a reputation around the world for superior performance and reliability," said Mark Kula, vice president, Tactical Airborne Systems, for Raytheon Space and Airborne Systems. "As we look to the future, the electronic warfare market will evolve to encompass intelligence, surveillance and reconnaissance data collection and electronic attack, and Raytheon is well positioned to participate at the forefront of these trends."
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 @raytheon.
SOURCE Raytheon Company