TEWKSBURY, Mass., Oct. 27, 2010 /PRNewswire/ -- The Missile Defense Agency (MDA) awarded Raytheon Company (NYSE: RTN) a $190 million fixed price incentive fee contract to construct, integrate and test a new Army/Navy Transportable Radar Surveillance (AN/TPY-2) radar. The AN/TPY-2 is the most capable and reliable radar currently deployed to defend against the ballistic missile threat.

"The AN/TPY-2 provides a critical Ballistic Missile Defense capability for the warfighter," said David Gulla, vice president, National & Theater Security Programs for Raytheon's Integrated Defense Systems. "We continue to partner with MDA to drive more affordability across our programs and enable a more rapid delivery of solutions into theater. We will continue to partner with our customer community and identify opportunities for increased cost savings and efficiencies."

This will be the eighth AN/TPY-2 Raytheon has built for MDA. Raytheon delivered the seventh earlier this year, on cost and ahead of schedule. These radars are deployed by MDA for forward operations to deter, dissuade, and if necessary, enable defeat of enemy ballistic missiles, as well as to support test and development of the Ballistic Missile Defense System.

Raytheon's AN/TPY-2 provides a common mission capability: in terminal-based mode with the THAAD Fire Control Center in support of the THAAD weapon system, and in a forward-based mode with Command, Control, Battle Management and Communications, enabling MDA's Ballistic Missile Defense System. It is a phased array radar, capable of search, threat detection, classification, discrimination and precision tracking at extremely long ranges.

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