<< [Back to News Release Archive]
Raytheon Awarded $79 Million Contract for Virginia Class Submarine Subsystems
TEWKSBURY, Mass., Oct. 21, 2004 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $79.7 million contract to provide sonar transmit group subsystems for the next series of Virginia class submarine shipsets. The transmit group sonar is critical to submarine operations, providing a high power, multi-sensor active sonar that supports submarine depth sounding, mine hunting, anti-submarine warfare, and underwater communication capabilities. (Photo: http://www.newscom.com/cgi-bin/prnh/20041021/NETH005 ) "Raytheon has a proud and distinguished history as a leading provider of advanced submarine systems and full service support for the U.S. Navy and its fleet," said Upinder Dhinsa, IDS' vice president of Naval Integrated Systems. "We remain committed to providing our expertise to the development and production of quality systems, like the sonar transmit group subsystem, to help ensure our customers' continued mission success." Under the contract, Raytheon Integrated Defense Systems (IDS) will provide program management, systems engineering, configuration management, and materials procurement for the manufacture, test and integration of the sonar transmit group subsystem. This contract follows the shipset five subsystem contract awarded to Raytheon in December 2003. Raytheon has provided engineering development, production and data deliverables for Virginia class shipsets one through five and will provide the same for this next shipset (six), as well as shipsets seven through 10 as the options are exercised within this current contract. Work will be performed at Raytheon's Naval Integration Center in Portsmouth, R.I. Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in mission systems integration. With a strong international and domestic customer base, including the U.S. armed forces and U.S. Missile Defense Agency, IDS provides integrated capability solutions to the air, surface, and subsurface battlespace. Raytheon Company (NYSE: RTN), with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide. Contact: Guy Shields 978.858.5246 Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041021/NETH005 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com SOURCE: Raytheon Company Web site: http://www.raytheon.com/