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Raytheon Awarded $14 Million for Patriot Depot-Level Maintenance
TEWKSBURY, Mass., June 3, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded $14.7 million for depot-level maintenance for U.S. Army Patriot Air and Missile Defense Systems.
The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., provided the additional funding under a contract previously awarded to Raytheon in June 2006. This is the fourth option bringing the value of the sole-source contract to $51.9 million.
"This contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the United States and overseas - wherever U.S. Army Patriot systems are deployed," said Joseph "Skip" Garrett, vice president and deputy for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "These services are necessary to ensure the high reliability and readiness that the Army requires."
Services under this contract include diagnostics, maintenance, repairs, modifications and technical assistance at a level higher than Patriot units are able to perform.
Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and systems integrator for Patriot Advanced Capability-3 missiles.
Integrated Defense Systems is Raytheon's leader in Global Capabilities Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2008 sales of $23.2 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 87 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 73,000 people worldwide.
Contact: Roopa Bhide 978.858.1177
SOURCE: Raytheon Company
Web site: http://www.raytheon.com/
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