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Raytheon Receives $217 Million for Volume Search Radar for Zumwalt and CVN 78

TEWKSBURY, Mass., June 8, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $217 million U.S. Navy contract for two Volume Search Radar (VSR) arrays for the Zumwalt-class destroyer program and the USS Gerald R. Ford (CVN 78).

"This contract demonstrates the Navy's continuing confidence in the maturity of this radar technology and the capability of the industry team to deliver the Zumwalt-class radar suite and combat system," said Raytheon Integrated Defense Systems' (IDS) Michael Sosin, Zumwalt program manager and vice president of Integrated Warfare Systems.

The Navy's Dual Band Radar combines the benefits of S-band and X-band radar capabilities to provide superior performance in a wide range of environments, while its innovative open architecture software design allows automatic operation with minimal human intervention. The S-band VSR radar arrays, built by Lockheed Martin, are integrated with Raytheon's SPY-3 X-band Multi-Function Radar to form the advanced DBR, which is currently undergoing testing at the Navy's Engineering Test Center, Wallops Island, Va.

Under the contract, Raytheon will procure long-lead materials for the VSR and will manufacture, test and deliver the radar system for the CVN 78 to support carrier air operations. The contract includes an option to produce a second VSR unit for the Zumwalt-class destroyer program.

Work will be performed at Raytheon's Surveillance and Sensor Center, Sudbury, Mass., and Lockheed Martin, Moorestown, N.J.

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.

    Carolyn Beaudry

SOURCE: Raytheon Company

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