MCKINNEY, Texas, Feb. 3, 2011 /PRNewswire/ -- Boeing has awarded Raytheon Company (NYSE: RTN) a low rate initial production contract to develop six long-range, multimission maritime and overland surveillance radars plus spares for its P-8A Poseidon aircraft.

"Our APY-10 radar will provide Boeing with advanced technology built on generations of successful Raytheon radar systems," said Tim Carey, vice president for Intelligence, Surveillance and Reconnaissance Systems. "We're committed to providing reliable systems that keep our customers safe and help them achieve mission success."

The radars will be delivered to Boeing as part of the P-8A contract with the U.S. Navy. The P-8A replaces the P-3 aircraft and will be used for surveillance along the U.S. coastline.

The APY-10, the premier sensor for maritime and overland missions, was designed for the Navy's Poseidon aircraft and will replace the APS-137 radar. Building on more than 40 years of proven Raytheon technology, it delivers accurate and actionable information in all weather, day and night, for anti-submarine warfare, anti-surface warfare and intelligence, surveillance and reconnaissance missions.

A member of the Boeing-led industry team for the Navy's P-8A program, Raytheon has previously delivered four APY-10 systems and spares to Boeing and is contracted to deliver an additional nine systems for the Navy's P-8A.

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.

www.raytheon.com

SOURCE Raytheon Company