Wednesday, July 11, 2007 9:47:37 AM
Under the contract, Raytheon is responsible for the development and test of radar software, various engineering tasks, maintenance and support, infrastructure upgrades and deployment mission planning. Work will be performed at the company's Missile Defense Center, Woburn, Mass., and the Warfighter Protection Center, Huntsville, Ala.
"This award underscores the importance of providing our warfighters with state-of-the-art missile defense technologies to address emerging threats," said Pete Franklin, vice president, National & Theater Security Programs for Raytheon Integrated Defense Systems (IDS). "The critical capabilities that Raytheon is developing will track missiles over a wide range and help guide interceptors to their targets."
The BMDS program has been designed to counter evolving threats through the development and release of spiral capabilities. The first forward-based capability spiral was released on schedule in October 2006 and is now operational. Raytheon IDS is currently developing the second forward-based capability spiral with release planned in early 2008.
Raytheon IDS designed and built the AN/TPY-2 radar drawing on extensive sensor knowledge from its X-Band "Family of Radars." A high-power, transportable X-Band radar, the AN/TPY-2 is designed to detect, track and discriminate ballistic missile threats. It maximizes the capability of the BMDS to identify, assess and engage threats to the U.S., deployed forces and allies.
As the prime contractor for this program, Raytheon IDS has delivered the first two of five planned AN/TPY-2 radars to the Missile Defense Agency . The first radar, delivered in November 2004 , is currently deployed in Japan . It is the first new Missile Defense Agency system to be developed and deployed as an operational asset outside the U.S. The second AN/TPY-2 radar recently completed acceptance testing at Vandenberg Air Force Base, Calif. Raytheon is also responsible for whole-life engineering support for AN/TPY-2 radars under a contract awarded in June 2005 .
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 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, 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.
Contact:
Maureen Heard
339.645.6664
SOURCE Raytheon Company
investorshub.advfn.com/boards/board.asp?board_id=9996[tag]Volatility Arbitrage[/tag]
www.investorshub.com/boards/board.asp?board_id=1744[tag]W@G
Recent RTX News
- RTX's Raytheon awarded $736 million contract to produce AIM-9X missiles • PR Newswire (US) • 10/10/2024 12:00:00 PM
- RTX Board of Directors Declares Quarterly Cash Dividend • PR Newswire (US) • 10/09/2024 08:30:00 PM
- RTX's Raytheon completes hydrodynamic testing for the Barracuda Mine Neutralization System • PR Newswire (US) • 10/07/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 09:03:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 09:03:07 PM
- RTX to develop ultra-wide bandgap semiconductors for DARPA • PR Newswire (US) • 10/02/2024 01:00:00 PM
- RTX's Pratt & Whitney opens its largest Military Engines facility in Oklahoma City • PR Newswire (US) • 10/01/2024 06:30:00 PM
- RTX's Raytheon awarded U.S. Navy contract for Next Generation Jammer Mid-Band Expansion • PR Newswire (US) • 10/01/2024 01:30:00 PM
- RTX to release third quarter results on October 22, 2024 • PR Newswire (US) • 10/01/2024 12:00:00 PM
- RTX's Pratt & Whitney awarded F135 Engine Core Upgrade contract • PR Newswire (US) • 09/30/2024 10:32:00 PM
- RTX's Raytheon delivers Missile-Warning Sensor • PR Newswire (US) • 09/30/2024 02:00:00 PM
- RTX receives U.S. Navy contract for ESSM Block 2 Missiles • PR Newswire (US) • 09/30/2024 01:00:00 PM
- RTX's Raytheon completes first AN/TPY-2 radar for the Kingdom of Saudi Arabia • PR Newswire (US) • 09/25/2024 01:00:00 PM
- airBaltic and RTX's Pratt & Whitney Unveil Long-Term Engine Maintenance Deal • PR Newswire (US) • 09/23/2024 12:00:00 PM
- RTX's Collins Aerospace receives first-ever FAA approval to increase cockpit processing power • PR Newswire (US) • 09/18/2024 02:00:00 PM
- RTX's Raytheon selected to streamline production of SPY-6 Transmit/Receive modules • PR Newswire (US) • 09/17/2024 12:00:00 PM
- RTX's Raytheon, Northrop Grumman successfully test solid rocket motor • PR Newswire (US) • 09/12/2024 12:00:00 PM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:09:38 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- RTX's SeaVue Multi-role Radar provides critical targeting data at RIMPAC • PR Newswire (US) • 08/28/2024 12:00:00 PM
- RTX President and CEO to present at the Morgan Stanley 12th Annual Laguna Conference • PR Newswire (US) • 08/28/2024 12:00:00 PM
- NSPA awards RTX's Raytheon a $478 million Patriot GEM-T missile contract • PR Newswire (US) • 08/06/2024 01:00:00 PM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM