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$ RTN. U.S. Air Force awards Raytheon a

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Jerry70   Thursday, 10/29/15 01:08:53 AM
Re: Jerry70 post# 231
Post # of 267 
$ RTN. U.S. Air Force awards Raytheon a $393 million contract for ISR mission support.

ROBINS AIR FORCE BASE, Ga., Oct. 28, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will continue mission support for the U.S. Air Force's Distributed Common Ground System (DCGS) under a new $393 million contract.* DCGS is the service's primary intelligence, surveillance and reconnaissance (ISR) analysis tool. Over the last decade, Raytheon has ensured high levels of performance for these critical ISR systems, while generating tens of millions in cost savings.

Under the new contract, Raytheon will continue to sustain, maintain and ensure operational availability of platforms and legacy systems that produce actionable intelligence for the Air Force. These systems collect, process, analyze and disseminate data collected by sensors aboard the Air Force's ISR platforms — U-2, RQ-4 Global Hawk, MQ-1 Predator, MQ-9 Reaper and MC-12.

"This award recognizes Raytheon's strong performance in delivering mission support solutions and significant cost savings," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services (IIS). "We clearly understand the importance and our responsibility to sustain and maintain this critical capability for our armed forces."

The DCGS contract was awarded by the Air Force Life Cycle Management Center and directly supports the 25th Air Force, part of the U.S. Air Force's Air Combat Command.

"Raytheon's product-agnostic approach to sustainment and maintenance led to significant cost savings for the Air Force over the last decade," said Todd Probert, vice president at Raytheon IIS' Mission Support and Modernization. "In times of budgetary constraints, Raytheon is especially focused on working with our customers to identify the most efficient solutions while leveraging our deep expertise to provide assured mission performance for the warfighter."

Raytheon IIS has captured more than $2.2 billion in Air Force mission support contracts so far this year, including a U.S. Air Force space launch range contract and a NORAD contract for a variety of operations services.

* NOTE TO EDITORS: This contract was originally announced by the Department of Defense on September 29, 2015.

About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 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 cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.


$ RTN. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ RTN

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