WICHITA, Kan., Jan. 2 /PRNewswire/ -- Raytheon Aircraft has been awarded
its largest military contract ever -- a one-year contract with four one-year
options for the production of more than 230 T-6A Texan II aircraft, associated
ground-based training devices and technical support. The one-year contract for
40 aircraft is valued at $193 million and when all options are exercised the
total potential value will be approximately $1.22 billion.
"This contract is the culmination of a lot of hard work by a lot of good
people," said Raytheon Aircraft Chairman & CEO Jim Schuster. "The T-6A Texan
II is the best primary training aircraft in the world, and we'll be building
it for many years to come."
The Joint Primary Aircraft Training System (JPATS) program calls for
nearly 800 aircraft through the year 2017. To date, the U.S. Air Force and
U.S. Navy have ordered 168 aircraft. This most recent contract, with options,
covers the production of an additional 234 aircraft and ground-based training
devices through the years 2002-2006, with deliveries beginning in 2004. The
total value of the acquisition program to date, including options, is
$2.1 billion.
"The services recognize that the T-6A Texan II brings enhanced safety,
superior performance and significant cost savings over current training
aircraft," Schuster said. "We anticipate many international customers will
want to take advantage of the T-6A's qualities, including a secure, long-term
production line."
The U.S. Air Force began training pilots in the T-6A at Moody Air Force
Base (Ga.) in October. In addition, the NATO Flying Training in Canada program
purchased 24 T-6As and has been training pilots with the T-6A for more than a
year. The Hellenic Air Force of Greece ordered 45 aircraft, of which 17 have
been delivered.
Raytheon Aircraft designs, manufactures, markets and supports jet,
turboprop and piston-powered aircraft for the world's commercial, military and
regional airline markets.
With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTN) is a
global technology leader in defense, government and commercial electronics,
and business and special mission aircraft.
Contact:
Tim Travis
(316) 676-8674
http://www.raytheonaircraft.com
SOURCE Raytheon Aircraft
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Related links:
http://www.raytheonaircraft.com
CONTACT:
Tim Travis of Raytheon, +1-316-676-8674
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