U.S. Navy Awards Contract Option to Raytheon
INDIANAPOLIS, Jan. 23, 2006 /PRNewswire/ -- A subsidiary of Raytheon Company (NYSE: RTN) has been awarded a one-year option with a ceiling of $70.2 million on an existing indefinite delivery, indefinite quantity contract with the Naval Air Systems Command (NAVAIR).
Under the contract option, Raytheon Technical Services Company LLC (RTSC) will continue providing supplies and services that support the naval aviation customer base, including navigation systems, reconnaissance systems, aircraft support and mission planning, aircraft armament equipment, and weapons data- link systems. The award is the fourth of four, one-year options available on the original contract, which was awarded in December 2001. The maximum value of the contract, including the base-year and all options, is $450 million. Work will be performed in Indianapolis.
NAVAIR can procure a wide variety of products and program-support services under the contract, including systems engineering and software engineering; technical, manufacturing and life-cycle support; in-service engineering, overhaul and repair; spares; and integration.
"RTSC has partnered with the Navy for more than eight years to provide supplies and services including avionics and mission-planning software; bomb racks, launchers, and pylons; and avionics components for several platforms, including the F/A-18 and V-22 Osprey," said John Balaguer, RTSC vice president and general manager of RTSC's Indianapolis-based business unit. "Raytheon will continue to deliver total Mission Support to the Naval Aviation Enterprise, helping NAVAIR achieve maximum aircraft availability for tasking and training at a reduced cost."
Raytheon Technical Services Company LLC, a subsidiary of Raytheon Company, provides technology solutions for defense, federal and commercial customers worldwide. It specializes in Mission Support, counter-proliferation and counter-terrorism, base and range operations and customized engineering 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
First Call Analyst:
SOURCE: Raytheon Company
CONTACT: Kristen Giddens Pinto-Coelho of Raytheon Company,
Web site: http://www.raytheon.com/