Raytheon Receives $18.2 Million to Support Rapid Aerostat Initial Deployment Systems

TEWKSBURY, Mass., Jan. 3, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded two U.S. Army contract modifications worth $18.2 million to provide Contractor Logistics Support (CLS) for Rapid Aerostat Initial Deployment, or RAID, systems that protect U.S. and coalition forces in Iraq .

The first award, valued at $13.2 million, expands the current CLS contract to support an additional 41 RAID and nine Eagle Eye elevated sensor systems being delivered through February 2008 as part of the RAID production contract. The second contract, valued at $5 million, calls for additional spares to support the RAID aerostats currently in operation in Iraq . Work on both contracts will be performed by Raytheon Integrated Defense Systems at the Integrated Air Defense Center, Andover, Mass., and the Warfighter Protection Center, Huntsville, Ala.

"The RAID system is helping to save lives," said Pete Franklin , vice president, National & Theater Security Programs for Raytheon Integrated Defense Systems. "The joint Raytheon and U.S. government team is committed to rapidly delivering this critical capability to our warfighters. By providing whole life engineering support, Raytheon ensures that these systems work the first time, every time for the soldiers deployed in Operation Iraqi Freedom."

Raytheon first developed RAID to meet the military's increasingly critical need for persistent surveillance in Operation Enduring Freedom and Operation Iraqi Freedom. RAID consists of infrared sensor systems and ground-based motion detection radars, elevated on a stationary platform, capable of detecting hostile troop and equipment movement at great distances. This capability enables U.S. and coalition forces to respond rapidly to threatening situations.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace 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 2006 sales of $19.7 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 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 72,000 people worldwide.

SOURCE Raytheon Company



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