Raytheon Awarded $15.5 Million for IED Countermeasure Devices
INDIANAPOLIS, Nov. 30, 2005 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded $15.5 million in contract modifications to manufacture Improvised Explosive Device (IED) Countermeasure Equipment (ICE) systems.
Raytheon Technical Services Company LLC (RTSC), a subsidiary of Raytheon, will manufacture and assemble the systems at its Indianapolis facility.
"IEDs are responsible for a large number of casualties for U.S. forces in Iraq," said Robert Stevens, director of program management for the Indianapolis site. "ICE saves lives, and it is critical that these systems are deployed quickly. On a previous ICE contract we streamlined our processes to get an increased number of ICE units to the customer ahead of schedule. We will use those enhancements, as well as further streamlining opportunities, to help us accelerate delivery on this contract."
The ICE system was designed as a collaborative effort between the Army Research Laboratory (ARL) at the White Sands Missile Range, N.M., and the Physical Sciences Lab of New Mexico State University. RTSC was one of three designated high-rate manufacturers selected by ARL to produce the ICE units. This award follows RTSC's successful completion of the manufacture and delivery of units identified in an initial contract. Technical details about how the system works are not releasable.
"As the insurgents in Iraq modify their IEDs, our responses must keep pace," said John Balaguer, RTSC vice president and general manager of RTSC's Indianapolis-based business unit. "The challenge for the ICE program is not only adapting the units to be effective against the latest IED threat, but also getting the latest modification of ICE to the troops rapidly. Raytheon is committed to making production improvements to accelerate delivery while ensuring both the safety and the success of our customer."
RTSC, a subsidiary of Raytheon Company, provides technology solutions for defense, federal and commercial customers worldwide. It specializes in Mission Support, engineering product solutions and engineering service solutions. Mission Support -- Raytheon's integrated approach to providing total life- cycle support, predicting customer needs, sensing problems and proactively applying solutions -- enables Raytheon to maintain readiness and deliver operational capability on demand, enhancing customer mission success.
Raytheon Company, 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: Kristen Giddens Pinto-Coelho 703.295.2535
SOURCE: Raytheon Company
CONTACT: Kristen Giddens Pinto-Coelho of Raytheon Company,
Web site: http://www.raytheon.com/