Raytheon Awarded Planning Contract for European Mid-course Radar Program
TEWKSBURY, Mass., April 22, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $5 million U. S. Missile Defense Agency contract to begin initial planning and requirements definition for the European Mid-course Radar program proposed for the Czech Republic.
Subject to successful completion of negotiations with the Czech Republic and ratification, this program includes the assembly and installation of an existing X-band radar located in the Republic of the Marshall Islands. The radar will be moved to a newly prepared site southwest of Prague. The relocation is part of the United States' initiative to extend missile defense capability to include the protection of Europe and deployed U.S. and allied forces from potential long-range ballistic missile threats.
"Raytheon is pleased to offer this capability," said Pete Franklin, vice president, National & Theater Security Programs for Raytheon Integrated Air Defense Systems. "This radar's extraordinary discrimination capability and interoperability will provide the United States and its NATO partners significant confidence and flexibility in response to these threats."
Additionally, Raytheon intends to maximize Czech industry participation in the development and construction of the site and facilities. The total potential value of this contract is $400 million through 2013.
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
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 86 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.
Note to Editors:
This contract award was originally announced by the Department of Defense April 15, 2008
Contact: Maureen Heard 339.645.6664
SOURCE: Raytheon Company
CONTACT: Maureen Heard of Raytheon Company, +1-339-645-6664
Web site: http://www.raytheon.com/