Raytheon Awarded Contract for Eight U.S. Navy Shared Reconnaissance Pod (SHARP) Systems

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Raytheon Awarded Contract for Eight U.S. Navy Shared Reconnaissance Pod (SHARP) Systems
    RESTON, Va., March 13 /PRNewswire/ --
Raytheon Company (NYSE: RTN) has been awarded a contract with a not-to-exceed
value of $19.2 million by the U.S. Navy to produce Low-Rate Initial Production
Shared Reconnaissance Pod (SHARP) Systems.  Under this contract, Raytheon
Technical Services Company LLC will produce eight SHARP Systems for delivery
in 2004. Work will be performed in Indianapolis.
    This award follows a $5.1 million contract award made by the U.S. Navy in
January 2003 for Raytheon to continue providing engineering and production
support to the SHARP Program through May 2004.
    SHARP was developed by a government/industry integrated product team (IPT)
composed of the U.S. Navy; Raytheon; Boeing; Recon Optical, Inc.; and L-3
Communications. Raytheon designed and developed the pod to carry advanced
day/night and all-weather tactical reconnaissance payloads. For this contract,
the Navy will provide high-resolution, electro-optical/infrared (EO/IR)
sensors produced by Recon Optical, Inc. and data-link systems produced by L-3
Communications, to be integrated by Raytheon into the SHARP System.
    "Raytheon is proud to be a member of the SHARP IPT that will provide our
warfighters with a high-resolution, digital reconnaissance capability that
will increase the speed and effectiveness of reconnaissance operations,"
stated Bryan J. Even, a vice president of Raytheon Company and president of
Raytheon Technical Services Company LLC. "We are pleased to play a pivotal
role in developing this critical system for the U.S. Navy."
    SHARP will soon be deployed as an Early Operational Capability for the
F/A-18F Super Hornet on the USS Nimitz. While the initial systems employ EO/IR
sensors for use on the F/A-18E/F aircraft, the pod design is readily adaptable
to many sensor payloads on a wide range of aircraft.
    Raytheon Technical Services Company LLC, 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
http://www.raytheon.com
CONTACT:
Kristen Giddens of Raytheon Company,
+1-703-295-2535