Raytheon Awarded $179 Million Add-On to U.K. e-Borders Contract
Raytheon international leader in providing border security solutions
GARLAND, Texas, Feb. 11 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has signed an addendum to the e-Borders contract it won in November 2007. Under the addendum, valued at 92 million pounds Sterling (approximately $179 million), a Raytheon-led team will provide the U.K. Home Office extended functionality and services for the program.
"We are off to a strong start on the e-Borders implementation, and we are pleased with the opportunity to provide additional services to the U.K. Home Office that further strengthen the effectiveness of our border solution," said Mike Keebaugh, president of Raytheon's Intelligence and Information Systems business. "We are very committed to this program and to its mission to deliver a secure border for U.K. citizens."
Keebaugh added, "Raytheon is on the leading edge of providing technology and management solutions to address infrastructure and border protection challenges across the globe. As effective visitor management continues to be a critical issue facing nations today, we are confident this will be a significant growth area for our company."
Raytheon is the prime contractor for the e-Borders consortium "Trusted Borders" that won the original contract signed in November 2007. The other members are Serco, Accenture, Detica, QinetiQ, Capgemini, and Steria.
Raytheon Company, with 2007 sales of $21.3 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, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact: Keith D. Little 703.849.1675
SOURCE: Raytheon Company
CONTACT: Keith D. Little of Raytheon Company, +1-703-849-1675
Web site: http://www.raytheon.com/