NEW DELHI, India, Nov. 13, 2007 /PRNewswire/ -- Forging strategic
alignments intended to help develop superior defense technology for India's
military forces, Raytheon Company (NYSE: RTN) has signed memorandums of
understanding with five major Indian companies.
The firms are Wipro Limited, Bharat Electronics Limited, Larsen &
Toubro Limited, Godrej & Boyce Manufacturing Company Limited, and Data
Patterns (India) Private Limited.
The MOUs represent another step toward establishing a strong working
relationship, encouraging pursuit of emerging business opportunities, and
providing for in-country offset. They also will pave the way for more
exchanges of technology and business know-how between India and the U.S.
"These strategic alignments make good business sense for Raytheon and
for India," said Wes Motooka, vice president for international strategy and
business development at Raytheon Space and Airborne Systems. "Our Indian
associates are highly respected, proven technology suppliers, and our
complementary capabilities will bring great value to India's military
forces."
Forming these relationships is a critical phase of Raytheon's plan to
build a team committed to providing the best solutions for India's military
forces. With an MOU signed earlier this year, Raytheon is also working
closely with the Strategic Electronics Division of Tata Power Company.
The six companies are among the largest and most respected
manufacturers of technology and defense equipment for India's military
forces. They produce a wide range of products in the areas of
communications, radar, naval systems, telecommunications and broadcast,
electronic warfare, tank electronics, opto- electronics, professional
electronic components, and solar photovoltaic systems.
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.
Note to Editors
For more information on the companies, go to:
Wipro Limited -- http://www.wipro.com/
Bharat Electronics Limited -- http://www.bel-india.com/BelWebsite/Home.htm
Larsen & Toubro Limited -- http://www.larsentoubro.com
Godrej & Boyce Manufacturing Company Limited -- http://www.godrej.com/
Data Patterns (India) Private Limited --
http://goliath.ecnext.com/coms2/product-compint-0001333243-page.html
Tata Power Company -- http://www.tatapower.com/news.php?op=details&id=88
Contact:
Ron Colman
805.879.2041
rmcolman@raytheon.com
http://www.raytheon.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Ron Colman of Raytheon Company,
+1-805-879-2041, rmcolman@raytheon.com
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