Raytheon Gets $144 Million Contract From U.S. Army For Patriot Engineering Services
(NYSE: RTN) has been awarded a $144 million contract modification by the
U.S. Army Aviation and Missile Command to provide engineering services for
the Patriot Air and Missile Defense program.
This award represents the third of four annual options to the base
contract awarded in fiscal year 2004. The contract embodies the U.S. Armyís
Air and Missile Defense visionary commitment for a cost-effective approach
to systems enhancements and capabilities. Raytheon Integrated Defense
Systems (IDS), prime contractor for Patriot, manages the contract.
"Patriot engineering services provide both the U.S. Army and its
international partners with revolutionary improvements to the Patriot
system" said Pete Franklin, vice president for National and Theater
Security Programs at Raytheon IDS. "These improvements enhance performance
to counter and stay ahead of emerging threats, improve operational
availability, and lower life- cycle cost. The result is a highly lethal,
capable and reliable system to serve and protect the warfighter today and
far into the future"
Patriot engineering services are an international cooperative effort in
which foreign partners fund and benefit from systems improvements.
International partners include Germany, The Netherlands, the Kingdom of
Saudi Arabia, Japan, Israel, Kuwait, Taiwan, Greece, and Spain.
The Patriot system remains the pre-eminent theater air and missile
defense system and the nationís only deployed, land-based, short-to-medium
range ballistic missile defense capability. To maintain combat
effectiveness, the Patriot systemís growth roadmap leads the U.S. Armyís
Air and Missile Defense transformation in becoming part of an integrated
network of sensors, fire control, and command and intelligence under a
composite battalion providing a layered system of protection and
Work will be performed primarily at Raytheon IDS headquarters in
Tewksbury, Mass.; the Integrated Air Defense Center in Andover, Mass.; the
Warfighter Protection Center in Huntsville, Ala.; and the Mission
Capability Verification Center at White Sands Missile Range, N.M.
Integrated Defense Systems is Raytheonís leader in Joint Battlespace
Integration providing affordable, integrated solutions to a broad
international and domestic customer base, including the U.S. Missile
Defense Agency, U.S. Armed Forces and the Department of Homeland Security.
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