Raytheon Awarded $27 Million Option for Patriot Engineering Services

Raytheon Awarded $27 Million Option for Patriot Engineering Services

News Release Issued: April 20, 2009 9:00 AM EDT

TEWKSBURY, Mass., April 20, 2009 /PRNewswire/ -- Raytheon Company has been awarded $27 million for engineering services for the Patriot Air and Missile Defense System.

The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., provided the additional funding under a previously awarded contract to Raytheon in January 2009. This $27 million combines with $132.2 million awarded earlier this year bringing the value of the contract to $159.2 million with the potential for additional funding.

"We continually engage in software development, testing, and modernization to ensure that warfighters have the advantage in a world where the threat is changing," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "These investments in engineering services ensure that Patriot will continue to be the most modern, combat-proven and globally-fielded air and missile defense system."

This contract provides for engineering services that support Patriot systems in the hands of the U.S. Army and Raytheon's 11 international partners.

Work under this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; at IDS Headquarters, Tewksbury, Mass.; at the Warfighter Protection Center, Huntsville, Ala.; and at the Mission Capability Verification Center, White Sands, N.M.

Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and systems integrator for Patriot Advanced Capability-3 missiles.

Integrated Defense Systems is Raytheon's leader in Global Capabilities 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 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 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.

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