Tuesday, September 1, 2009

Raytheon Awarded $27 Million to Support Taiwan's Patriot Systems

Raytheon Awarded $27 Million to Support Taiwan's Patriot Systems
September 1, 2009

TEWKSBURY, Mass., Sept. 1, 2009 - Raytheon Company (NYSE: RTN) has been awarded $26.9 million for technical assistance in support of Taiwan's Patriot Air and Missile Defense System.

This award from the U.S. Army Aviation and Missile Command represents the additional funding required for in-country support as a result of the ahead-of-schedule completion of Configuration-3 upgrades. It is a modification to a technical assistance contract awarded in 2008.

"We're very pleased that the upgrades are happening on an accelerated timeline. This will provide Taiwan with an enhanced level of security sooner than expected," said Sanjay Kapoor, vice president, Patriot Programs, at Raytheon Integrated Defense Systems (IDS). "Upgrades ensure that Taiwan's Patriots are fully capable of detecting, classifying and engaging all known and future hostile threats including aircraft, ballistic and cruise missiles and unmanned aerial vehicles."

Raytheon will provide field engineers to refurbish Taiwan's Patriot equipment and will extend the services of current advisors assisting with training, operational planning and sustainment of Patriot systems.

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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