Raytheon Awarded $48 Million for Cooperative Engagement Capability Program
MARLBOROUGH, Mass., April 10, 2007 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded $48 million in follow-on contracts by the U.S. Navy for work on the Cooperative Engagement Capability (CEC) program. The contracts were awarded for continued production and technical support.
CEC provides robust capability to naval air and missile defenses by distributing force level sensor and weapons data in a new and significantly different manner. It pools high-quality tracking data from participating sensors and distributes the data to all others in a filtered and shared state. The result is a powerful and detailed air picture based on all sensor data available that provides early detection and more consistent tracking of air contacts.
The first award for $32 million encompasses assembly, inspection, test and engineering support for seven AN/USG-2A Shipboard CEC systems as well as spares. The $16 million second award provides technical support to the Program Executive Office for Integrated Warfare Systems and includes technical reports, studies, ship-board and on-site support, assessment/evaluation of legacy software problem reports, support to fleet events, and obsolete parts management.
Work on the first contract will be performed at Raytheon facilities in St Petersburg and Largo, Fla., and Dallas and McKinney, Texas. Work on the second contract will primarily be performed in St. Petersburg.
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 80 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.
Contact: Steve Brecken 508-490-2627
CONTACT: Steve Brecken for Raytheon, +1-508-490-2627
Web site: http://www.raytheon.com/