Interesting Raytheon Award today.
Raytheon Awarded $5 Million Rapid Aerostat Initial Deployment Contract OptionLast update: 9/11/2007 9:00:00 AMTEWKSBURY, Mass., Sept. 11, 2007, 2007 /PRNewswire via COMTEX/ -- Raytheon Company (RTN) has been awarded a $5 million U.S. Army contract option to provide Rapid Aerostat Initial Deployment (RAID) Mobile Eagle Eye tower systems to protect U.S. and coalition forces in Iraq. The contract calls for nine Mobile Eagle Eye elevated sensor systems with deliveries beginning in February 2008. Work will be performed at Raytheon Integrated Defense Systems' Integrated Air Defense Center, Andover, Mass., and at the Warfighter Protection Center, Huntsville, Ala. "The equipment Raytheon is providing to support U.S. military operations is helping to save the lives of our warfighters," said Pete Franklin, vice president, National & Theater Security Programs, for Raytheon Integrated Defense Systems. "The joint Raytheon and U.S. government team takes great pride in rapidly delivering this critical capability to our soldiers." Raytheon first developed RAID to meet the military's increasingly critical need for persistent surveillance in Operation Enduring Freedom and Operation Iraqi Freedom. RAID consists of infrared sensor systems and ground-based motion detection radars, elevated on a stationary platform, capable of detecting hostile troop and equipment movement at great distances. This capability enables U.S. and coalition forces to respond rapidly to threatening situations. 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.
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