McKINNEY, Texas, Dec. 1, 2006 /PRNewswire/ -- The Department of Defense
has recognized a partnership between the U.S. Navy and Raytheon Company
(NYSE: RTN) for improving through innovative performance based logistics
the availability, reliability and mission success of the H-60 armed
helicopter targeting system.
The 2006 Secretary of Defense Performance Based Logistics Award
(sub-system level) cited the team effort of Raytheon and the Navy in
establishing a benchmark program for maintenance and mission support of the
AN/AAS-44(v) forward looking infrared system for the H-60 Seahawk aircraft.
As a result, the Navy's estimated savings and cost avoidance for the
program is $31 million.
The award, presented Nov. 7, also recognized the combat readiness of
the helicopter sensor and noted the satisfaction of the department in the
disciplined execution of the performance-based contract. Along with
Raytheon, the award recognizes Naval Air Systems Command, Fleet Readiness
Center Southeast, and the Naval Inventory Control Point. Award
documentation notes that PBL is now providing increased spares
availability, guaranteed reliability improvements, and a 65 percent
improvement in logistics response time.
Raytheon Space and Airborne Systems (SAS) is in the fourth year of a
10-year firm fixed price contract valued at $123 million to provide
performance based logistics and mission support for this Navy front-line
tactical system. The Raytheon infrared sensor allows aircrews to detect,
track, classify, identify and attack targets such as fast patrol boats and
mine-laying craft.
"Since the inception of performance based logistics in October 2003,
the team has steadily maintained 100 percent availability and achieved a 40
percent growth in system reliability improvement. That is how we define
mission support performance," said Dale Bainum, Raytheon business manager
for customer product support. "Behind that definition, our trusted
partnership with the customer continues to stand on a performance-based
management approach that employs best practices to improve use of
materials, reduce logistics cycle time, and decrease total ownership cost."
SAS is the leading provider of sensor systems giving warfighters the
most accurate and timely information available for the network-centric
battlefield. With 2005 revenues of $4.2 billion and 13,000 employees, SAS
is headquartered in El Segundo, Calif., with additional facilities in
Goleta, Calif.; Forest, Miss.; Dallas, McKinney and Plano, Texas; and
several international locations.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry
leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs 80,000 people
worldwide.
Contact:
Dave Desilets
972.952.2239
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Dave Desilets of Raytheon Company,
+1-972-952-2239
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