TEWKSBURY, Mass., July 29, 2009 - The U.S. Navy has awarded Raytheon Company (NYSE: RTN) two contracts that extend the company's legacy of performance and support for the Aegis weapons system.
Under the contracts, Raytheon Integrated Defense Systems (IDS) will provide an AN/SPY-1 radar transmitter ordnance alteration kit to enhance the radar's processing performance and multi-mission capability. The company will also continue its performance-based logistics support, including spares and repairs for Aegis weapons systems used by the U.S. Navy and Coast Guard. Raytheon will also manage system repairs in support of foreign military sales.
"Raytheon has a long history with the Aegis radar program - providing highly capable naval radar components and world-class support for Aegis-equipped ships worldwide," said Raytheon IDS' Robert Martin, vice president and deputy of Seapower Capability Systems.
Raytheon's AN/SPY-1 radar transmitters and MK99 Fire Control System, both key components of the Aegis system, have been in continual production for 30 years as part of the U.S. Navy's Aegis shipbuilding program. The AN/SPY-1 and the MK99 are currently aboard the U.S. Navy's fleet of cruisers and destroyers, as well as Japanese Kongo-class destroyers and Spanish F-100-class frigates.
Raytheon IDS' whole-life services and support are central to maintaining and upgrading Aegis equipment onboard ships of the U.S. Navy's fleet, which include Ticonderoga-class cruisers and Arleigh Burke-class destroyers.
Work will be performed at Raytheon IDS' Surveillance and Sensors Center, Sudbury, Mass., and Raytheon Technical Services Company, Norfolk, Va.
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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