EL SEGUNDO, Calif., Jan. 24, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has signed a contract with BAE Systems in support of upgrading the Republic of Korea's fleet of more than 130 KF-16C/D Block 52 aircraft. As a key subcontractor to BAE Systems, the company will provide an integrated solution that includes the Raytheon Advanced Combat Radar (RACR), ALR-69A all-digital radar warning receiver, advanced mission computing technology and weapon systems integration.

"South Korea's competitive selection of our RACR last year gave us an important foothold in the international F-16 upgrade market," said Jim Hvizd, vice president of International Strategy and Business Development for Raytheon Space and Airborne Systems. "The addition of our EW and mission computing expertise and our weapon systems integration will provide the Republic of Korea with an operationally superior solution that will keep their KF-16s relevant for years to come."

This contract, booked in the fourth quarter 2013, adds the F-16 Fighting Falcon to the roster of fighters retrofitted with Raytheon AESA radars (F-15C, F-15E, F/A-18E/F and the EA-18G Growler). Since 2000, Raytheon has been the industry leader in AESA technology development.

Raytheon's F-16 avionics heritage spans more than 25 years with deliveries of mission critical avionics systems including mission computers, electronic warfare systems, Anti-Jam GPS receivers and various weapons.

About Raytheon

Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

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SOURCE Raytheon Company