Raytheon UTD Ranked as One of Washington Area's Fastest Growing Businesses
SPRINGFIELD, Va., Oct. 12, 2005 /PRNewswire/ -- Raytheon Company's UTD business area has been ranked among Washington Technology's Fast 50 for 2005, an annual listing of the fastest growing small businesses in the Washington, D.C. metropolitan area government market.
Raytheon UTD, a wholly owned subsidiary of Raytheon, grew 64 percent in the last five years. Rankings are based on the percentage of growth of government revenues over five years, from 2000-2004. Only companies that are categorized as small businesses and have at least $100,000 in government revenue are eligible for nomination.
"We are honored to have Raytheon UTD recognized on Washington Technology's Fast 50 list as one of the fastest growing government contractors," said Raytheon Intelligence and Information Systems President Michael D. Keebaugh. "Raytheon UTD is an integral part of our business providing customers with a depth of technological expertise and access to state-of-the-art national security technologies."
Raytheon purchased UTD, Inc., in August 2005. Raytheon UTD is widely recognized for providing superior innovative engineering and scientific analysis, assessment and technology development. Raytheon UTD combines more than 25 years of experience with a spirit of creativity to solve the myriad technical issues.
Raytheon Intelligence and Information Systems (IIS), with 2004 revenues of $2.2 billion and 9,000 employees, is a leading provider of intelligence and information solutions to government customers worldwide. Leveraging 35 years of domain expertise and excellence in Mission Management, Signal and Image Processing, Command and Control of Air and Space Vehicles, Geospatial Intelligence, Knowledge Management, Information Security, and Systems Integration, IIS enables customers to make better, quicker mission decisions.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 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 80,000 people worldwide.
Contact: Keith Little 703-849-1675
SOURCE: Raytheon Company
CONTACT: Keith Little of Raytheon Company, +1-703-849-1675
Web site: http://www.raytheon.com/