Raytheon Awarded $58 Million for Patriot Tactical Missile Upgrades
February 04 2010 - 8:00AM
PR Newswire (US)
TEWKSBURY, Mass., Feb. 4, 2010 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) has been awarded a $58.2 million contract for Patriot
Guidance Enhanced Missile-Tactical, or GEM-T, missiles. The U.S.
Army Aviation and Missile Command (AAMCOM), Redstone Arsenal, Ala.,
issued the contract to upgrade 124 Patriot Advanced Capability-2
missiles to the configuration. This is a follow-on contract issued
as part of AAMCOM's Patriot missile continuous technology
refreshment program initiated in 2000. "Patriot is combat proven
and trusted by 12 nations around the globe, and the continuing
upgrades speak to the critical role Patriot plays in those
countries' air and missile defense capabilities," said Sanjay
Kapoor, vice president for Patriot Programs at Raytheon Integrated
Defense Systems (IDS). The upgrades will improve performance
against tactical ballistic and cruise missiles. In addition, select
components will be replaced to extend the reliability and service
life of the missiles. Work under this contract will be performed at
the Raytheon IDS Integrated Air Defense Center, Andover, Mass.
Raytheon IDS is the prime contractor for both domestic and
international Patriot Air and Missile Defense Systems and system
integrator for Patriot Advanced Capability-3 missiles. Raytheon
Company, with 2009 sales of $25 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 88 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 75,000 people worldwide. Contact: Roopa Bhide 978.470.5334
DATASOURCE: Raytheon Company CONTACT: Roopa Bhide of Raytheon
Company, +1-978-470-5334 Web Site: http://www.raytheon.com/ Company
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