TEWKSBURY, Mass., Aug. 12, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and the University of Massachusetts Lowell have announced an agreement to establish a joint research facility focused on the advancement of innovative technologies in a collaborative, state-of-the-art institute. Raytheon is committing $3 million with options to $5 million throughout the next 10 years for establishment of this research facility. 

The Raytheon-UMass Lowell Research Institute (RURI) will feature state-of-the-art laboratories and classrooms that will serve as a launchpad for collaboration and learning among UMass Lowell faculty and students and Raytheon employees to benefit both organizations in the pursuit of federal research funding. It will also provide UMass Lowell students with opportunities for research projects and employment opportunities at Raytheon.

"The creation of the RURI presents a tangible opportunity to advance the research and the learning of technologies under development for students and employees alike and will inspire future engineers and drive innovation," said Dan Crowley, president of Raytheon's Integrated Defense Systems business.

"We look forward to bringing the expertise of our top-notch faculty together with researchers from Raytheon. This new partnership is just one example of how UMass Lowell is leading the way in collaborating with industry to power innovation and the economy in Massachusetts and beyond," said UMass Lowell Chancellor Marty Meehan. "This institute will also provide our students with the kind of real-world experience that is one of the hallmarks of a UMass Lowell education."

"As a co-directed, co-located research environment, the RURI signifies a unique opportunity for Raytheon's university partnerships," said Mark E. Russell, Raytheon vice president of Engineering, Technology and Mission Assurance. "The RURI will serve as an extension of our current research capabilities and represents a resource across the Raytheon enterprise for the study of advanced materials and flexible circuit technologies, such as printable electronics and nanotechnology."

Initial research will focus on future technologies for radar and communication systems and could expand into other areas as needed. The institute will leverage UMass Lowell's strengths in printed electronics and nanotechnology that align with Raytheon's strategic technology needs including high-frequency printed conformal antennas, carbon-based transistors and photonic devices.

The RURI will be located in the Mark and Elisia Saab Emerging Technologies and Innovation Center, an $80 million, 84,000-square-foot research facility on the UMass Lowell campus that is home to cutting-edge research in a variety of science and engineering disciplines. The center – one of nine new buildings opened by the university since 2009 – was constructed to provide not only UMass Lowell faculty and students with the most advanced research facility of its kind north of Boston, but to also support collaboration with businesses from startups to world leaders like Raytheon.

The building's fourth floor will be specially equipped to house the institute, which will be co-directed by Dr. Christopher McCarroll of Raytheon and UMass Lowell Prof. Craig Armiento, Ph.D., a faculty member in electrical and computer engineering in the university's Francis College of Engineering.

About UMass Lowell
UMass Lowell is a national research university located on a high-energy campus in the heart of a global community. The university offers its 17,000 students bachelor's, master's and doctoral degrees in business, engineering, education, fine arts, health, humanities, liberal arts, sciences and social sciences. UMass Lowell delivers high-quality educational programs, vigorous hands-on learning and personal attention from leading faculty and staff, all of which prepare graduates to be ready for work, for life and for all the world offers. www.uml.edu

About Raytheon
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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 cyber security and 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.

SOURCE Raytheon Company