TEWKSBURY, Mass., Dec. 21, 2006 /PRNewswire/ -- Naval Sea Systems
Command has awarded a $12.5 million contract to Raytheon Company (NYSE:
RTN) for technical engineering, repair and maintenance services in support
of the MK48 Advanced Capability (ADCAP) heavyweight torpedo.
    Raytheon Integrated Defense Systems (IDS) is the U.S. Navy's prime
production supplier of light and heavyweight torpedoes and leads operations
of the company's Heavyweight Torpedo Intermediate Maintenance Activity
(IMA) in Pearl Harbor, Hawaii, a facility dedicated to torpedo evaluation,
test and maintenance. With this contract, Raytheon continues to demonstrate
its ability to work synergistically with the Navy torpedo enterprise to
efficiently and cost effectively support its domestic and international
torpedo programs.
    "Raytheon continues to build on its strong partnership with the U.S.
Navy, working together to develop and produce the world's most affordable
and reliable torpedoes for U.S. and allied fleets," said Dan Martin, IDS'
vice president of Maritime Mission Systems. "The IMA dedicates its
resources, capabilities and core competencies to the delivery of superior
solutions, service and support to ensure mission success for the Navy's
torpedo enterprise."
    This award is a contract modification reflecting an exercised one-year
option that was included in the original technical services contract
awarded in April 2006. Under the contract, IDS will perform
intermediate-level maintenance, repair and refurbishment of MK48 ADCAP
torpedoes currently in the U.S. Navy's fleet inventory of training and
warshot torpedoes. The inventory is used for fleet training, readiness and
submarine-launched torpedo warshot exercises. Work on the contract will be
performed in Pearl Harbor, Hawaii, Yorktown, Va., and Poulsbo, Wash.
    Integrated Defense Systems is Raytheon's leader in Joint Battlespace
Integration providing affordable, integrated solutions to a broad
international and domestic customer base, including the U.S. Missile
Defense Agency, the U.S. Armed Forces and the Department of Homeland
Security.
    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:
    Carolyn Beaudry
    401.842.3550

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