RESTON, Va., Jan. 30 /PRNewswire-FirstCall/ --
Raytheon Company (NYSE: RTN) has been awarded a one-year option with a ceiling
of $89.7 million on its indefinite delivery indefinite quantity (IDIQ)
contract with the Naval Air System Command (NAVAIR). The contract option
allows the company to continue providing the supplies and services required to
plan, manage and execute engineering, industrial, logistics and operational
support services. The award is the first of four one-year options available on
the contract, which was awarded in December 2001 with a ceiling in excess of
$430 million. Work will be performed in Indianapolis.
This IDIQ option award provides an expeditious means for current customers
to continue support to ongoing programs, including BRU-33 Bomb Rack
production, LAU-115 Missile Launcher support, V-22 avionics support and
mission-planning software, Improved Fresnel Lens Optical Landing System
production, support for H-53 helicopter avionics components, and Shared
Reconnaissance Pod development and production.
"Naval aviation systems and platforms play crucial roles in defense
operations. Raytheon is proud to contribute to the efforts that allow these
systems and platforms to perform at their highest operational level," said
Bryan J. Even, a vice president of Raytheon Company and president of Raytheon
Technical Services Company. "We look forward to continuing the partnership we
have established with NAVAIR and helping them realize success."
Under this option, Raytheon will provide services such as technical,
logistics, manufacturing and acquisition support; engineering solutions;
upgrades to systems and equipment; software life-cycle support; program
management; obsolescence and sustainment support; integration support; depot
maintenance; and in-service engineering functions.
Raytheon Technical Services Company, a subsidiary of Raytheon Company,
provides technical, scientific and professional services for defense, federal
and commercial customers worldwide. It specializes in management, operation
and maintenance of customer facilities, equipment and systems; logistics and
life-cycle support; overhaul and repair depot operations; engineering,
logistics and personnel support; space and earth sciences; test and training
range support; and privatization of government services.
Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader
in defense, government and commercial electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Lexington, Mass., Raytheon employs more than 76,000
people worldwide.
Contact:
Kristen Giddens
703.295.2535
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Kristen Giddens of Raytheon Company,
+1-703-295-2535
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