MCKINNEY, Texas, Dec. 4, 2006 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) will extend production and delivery of Improved Target Acquisition
Systems (ITAS) under a $161.8 million contract from the U.S. Army Aviation
and Missile Command, Huntsville, Ala. The order marks the second major ITAS
contract award in 2006 and continues U.S. Marine Corps and U.S. Army
procurement of the systems.
ITAS is the advanced Electro-Optic Target Acquisition Fire Control
System. It guides the TOW (Tube-Launched, Optically Tracked, Wire-Guided)
weapon systems to their targets with surgical precision. The targeting
system significantly increases TOW's effective range, improves the weapon's
ability to hit a target with minimal collateral damage and allows a soldier
to engage and destroy targets from safe distances. ITAS's 2nd generation
FLIR (forward- looking infrared) sensor provides long-range reconnaissance
and surveillance capability 24/7, in all weather and battlefield
conditions.
ITAS is fielded in Operation Iraqi Freedom and Operation Enduring
Freedom where it has demonstrated its value in all phases of the conflict
and subsequent peace-keeping efforts.
Raytheon Network Centric Systems Vice President of Combat Systems Glynn
Raymer said, "This additional order further emphasizes the confidence our
soldiers and Marines have using ITAS in new, innovative ways."
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.
Note to Editors:
This contract was initially announced by the Department of Defense on
Nov. 27, 2006.
ITAS is designed and produced by Raytheon Network Centric Systems in
McKinney and Dallas, Texas. ITAS components are also produced in El Segundo
and Santa Barbara, Calif.; Largo, Fla; and Midland, Ontario, Canada.
This fiscal year 2007 production award includes ITAS systems for the
Marines and the Army. This order is an FY07 option exercised under a
contract awarded Sept. 11, 2006. The contract provides options for the Army
to purchase additional ITAS systems during the next four years and is
valued at more than $500 million.
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com/
CONTACT:
Maribeth Welch of Raytheon Company,
+1-703-284-4439
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