MARLBOROUGH, Mass., July 2, 2007 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) has been awarded an initial installment of $27 million for
satellite communications (SATCOM) terminals in support of a Space and Naval
Warfare Systems contract potentially worth $38 million.
Under the firm-fixed-price contract, Raytheon Network Centric Systems
will deliver nine extremely high frequency follow-on terminals to the U.S.
Navy. These terminals are a vital element in the Navy's SATCOM program and
precede the Navy Multiband Terminal, or NMT, awarded to Raytheon last
month.
"This award, along with our recent NMT win, recognizes the depth of
Raytheon's SATCOM expertise," said Jerry Powlen, vice president, Network
Centric Systems' Integrated Communications Systems. "We continue to improve
the reliability and performance of our SATCOM systems while delivering new
and innovative solutions across the fleet."
Raytheon will continue to provide Mission Support services as part of
an existing Navy SATCOM engineering services contract.
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 and 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:
MB Hodgkiss
508.490.2607
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com/
CONTACT:
MB Hodgkiss of the Raytheon Company,
+1-508-490-2607
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