TEWKSBURY, Mass., Dec. 30, 2011 /PRNewswire/ -- The Missile Defense Agency is awarding Raytheon Company (NYSE: RTN) a contract to provide two AN/TPY-2 radars to the U.S. Army as the radar component to the Terminal High Altitude Area Defense (THAAD) missile defense system. The firm-fixed-price contract is for $363.9 million.

"The AN/TPY-2 is the world's most advanced, mobile X-band radar," said Dave Gulla, vice president for Global Integrated Sensors at Raytheon Integrated Defense Systems. "It serves as the radar for the THAAD System, an important component of MDA's Ballistic Missile Defense System."

The AN/TPY-2 is a multi-functional radar that searches, detects, tracks and discriminates ballistic missile threats, seamlessly integrating with a variety of ballistic defense systems. In addition to supporting the U.S. Army in a terminal defense role as part of a THAAD Battery, AN/TPY-2 radars are deployed around the world providing continuous forward-based ballistic missile defense as a key component of the global Ballistic Missile Defense Architecture.

The most recent deployment of the AN/TPY-2 radar represents a major milestone in achieving the Administration's European Phased Adaptive Approach (EPAA), which aims to deter, dissuade, and, if necessary, defeat enemy ballistic missiles that threaten the U.S., deployed forces, friends and allies. The AN/TPY-2 is the critical sensor component of the EPAA.

Work on the AN/TPY-2 radars for this contract will be performed at Raytheon facilities in Massachusetts and by suppliers in 33 states.

About Raytheon

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.

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SOURCE Raytheon Company