Raytheon Awarded $240 Million for Aegis Production
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TEWKSBURY, Mass. - The U.S. Navy awarded Raytheon Company (NYSE: RTN) $240 million for production and delivery of critical components of the Aegis weapons system for the Arleigh Burke class of destroyers.
Under the contract, Raytheon Integrated Defense Systems (IDS) will provide production, engineering and support services for four ship sets of the AN/SPY-1D(V) transmitter group and MK99 Mod 8 Fire Control System. The radar and fire control system equipment is essential to the Aegis weapon system's ability to track and defend against multiple threats, including planes and missiles.
"Raytheon's naval radar components are providing extensive capabilities and proven performance for Aegis-equipped ships worldwide," said Raytheon IDS' John Kelly, director of Sensor Systems. "This current contract continues Raytheon's legacy as a key contributor to the Aegis program and as an industry leader in the design and development of naval radars."
Raytheon's AN/SPY-1 radar transmitters and MK99 Fire Control System have been in continual production for 30 years as part of the U.S. Navy's Aegis shipbuilding program. The AN/SPY-1 and the MK99 are currently installed in the U.S. Navy's fleet of Ticonderoga-class cruisers and Arleigh Burke-class destroyers, as well as in Japanese Kongo-class destroyers and Spanish F100-class frigates.
Work on the Aegis program is performed at Raytheon IDS' Surveillance and Sensors Center, Sudbury, Mass.; at the Seapower Capability Center, Portsmouth, R.I.; and at the Integrated Air Defense Center, Andover, Mass. The $240 million contract contains options for additional work.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 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 75,000 people worldwide.
This $240 million contract definitizes a $59 million Aegis contract award already announced by Raytheon July 12, 2010.
Contact: Carolyn Beaudry
401.842.3550
SOURCE Raytheon Company
Web Site: www.raytheon.com
