Raytheon Wins Navy Multiband Terminal Contract
MARLBOROUGH, Mass., June 4, 2007 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has been awarded the U.S. Navy's Multiband Terminal (NMT) contract, which has a combined value during its lifetime in excess of $1 billion for development and production.
Raytheon Network Centric Systems will develop, deliver, and support an advanced satellite communication system consisting of shipboard and shore- based communication terminals for the transformational communications component of the Navy's FORCEnet architecture. The Navy expects to field the terminals for operational test and evaluation in late 2009, which is consistent with Department of Defense's plans to have its advanced extremely high frequency satellite constellation in operation in 2010.
"This is a tremendous win that recognizes Raytheon's ability to deliver a reliable, innovative, affordable and timely solution to meet the needs of our Navy customer," said Colin Schottlaender, president of Raytheon Network Centric Systems. "We spent over 13,000 hours of shipboard design effort to ensure an easy-to-use and easy-to-maintain system and then demonstrated the system for over 13,700 hours of failure-free operation -- far exceeding the Navy's objectives. We're proud to provide this critical communications system to the Navy, and we are confident that our terminals will measure up to our highest mission assurance standards."
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command and 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.
This contract award was originally announced by the Department of Defense May 31, 2007.
Contact: MB Hodgkiss 508.490.2607
SOURCE: Raytheon Company
CONTACT: MB Hodgkiss of Raytheon Company, +1-508-490-2607
Web site: http://www.raytheon.com/