MARLBOROUGH, Mass., Oct. 1, 2007 /PRNewswire/ -- The U.S. Navy has
directed Raytheon Company (NYSE: RTN) to proceed with development of the
Navy Multiband Terminal (NMT).
The direction to proceed with the NMT contract comes after the U.S.
government reviewed a protest by the Harris Corporation and reaffirmed the
original award decision that Raytheon offered the best value solution to
the customer.
As the Navy originally announced on May 31, 2007, Raytheon was named
the winner of the three-year NMT development competition and was awarded
the NMT contract with a cumulative value of $960 million.
The NMT solution will provide the Navy with its next generation of
satellite communications (SATCOM) systems. It replaces several existing
SATCOM systems, adds significant new communications capability, and is
expected to be installed in more than 300 ships, submarines and shore
stations.
"We are very pleased with the outcome of the government's
re-examination of the original award," said Jerry Powlen, vice president,
Network Centric Systems' Integrated Communications Systems. "It reaffirms
that Raytheon's innovative NMT solution brings the Navy the best value for
its investment and that Raytheon is the best team to ensure success."
Development will proceed immediately at Raytheon's Marlborough, Mass.,
facility, with first production scheduled for Raytheon's Largo, Fla., site
in 2008.
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.
Contact:
MB Hodgkiss
508.490.2607
http://www.raytheon.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com/
CONTACT:
MB Hodgkiss of Raytheon Company,
+1-508-490-2607
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