Wednesday, June 24, 2009

Raytheon Selected to Compete for U.K. Royal Navy Training Contract

Raytheon Selected to Compete for U.K. Royal Navy Training Contract
June 24, 2009

RESTON, Va., -- Raytheon Company (NYSE: RTN) has been selected by the U.K. Ministry of Defence to compete for a program that will provide support to the Royal Navy across initial entry training, warfighting shore training and youth training.

As part of this downselect, Raytheon, through its U.K. subsidiary Raytheon Systems Limited, will compete with three other companies during a competitive dialogue process that will end with a preferred bidder announcement in mid 2011. The contract is scheduled to begin in 2012.

"This opportunity enables us to demonstrate to the Royal Navy our approach to developing tailored training solutions substantiated by results with customers across defense government and commercial markets," said David Appel, a Raytheon Technical Services Company LLC director responsible for military training programs in the United Kingdom. "Our solution will show how we can improve operational capability while providing cost effectiveness."

The scope of the program will include training delivery, training support and training quality services. The estimated value of the contract is between $350 million to $550 million during a six-year base period with options up to 15 years.

Raytheon Technical Services Company provides technical, scientific and professional services, as well as a full spectrum of training services and outsourcing for defense, federal and commercial customers worldwide. It specializes in Mission Support, training, counter-proliferation and counter-terrorism, range operations, product support, homeland security solutions and customized engineering services.

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