MEADS Inc. awarded $80 million Project Definition-Validation contract.HUNTSVILLE, Ala.--(BUSINESS WIRE)--Oct. 17, 1996--MEADS Inc., a multinational consortium, has been awarded $80 million to conduct the MEADS Project Definition-Validation (PD-V) Program under contract to the NATO Medium Extended Air Defense System Management Agency The NATO Medium Extended Air Defense System Management Agency (abbreviated NAMEADSMA), located in Huntsville, Alabama, is an agency founded by NATO in July 1996to oversee the Medium Extended Air Defense System, a joint military project intended to replace aging NATO Patriot (NAMEADSMA NAMEADSMA NATO Medium Extended Air Defense System Management Agency ), it was announced Thursday. The MEADS Inc. team includes H&R Co. (a joint venture between Hughes Aircraft Hughes Aircraft Company was a major aerospace and defense company founded by Howard Hughes. The group was based near Ballona Creek, in Culver City, California, USA, on the Pacific Coast. Hughes Aircraft was acquired by General Motors in 1985. Co. and Raytheon Co.), DASA-LFK, Siemens (Germany) and Alenia (Italy). ``The U.S., German and Italian governments have achieved remarkable success in getting this important international cooperative program under way,'' said Dr. Bruce Whittemore, MEADS Inc. president and program manager. ``Their success underscores the commitment of our nations to develop and field, for the first time, a tactical air and missile defense system Noun 1. missile defense system - naval weaponry providing a defense system missile defence system naval weaponry - weaponry for warships that will be able to move with and defend our vulnerable maneuver forces -- whenever and wherever they operate. ``The members of MEADS Inc. understand the complexities of the MEADS mission area, and we are proud that NAMEADSMA has selected our team to define the future of air and missile defense, through this program.'' ``The members of our international team have worked together for several months in anticipation of this award. We also have years of experience working together on previous air defense systems, including PATRIOT, HAWK, RAM, ADGE ADGE Air Defense Ground Environment and others,'' said Gert Runde, chairman of the MEADS Inc. board of directors. ``The parent companies have placed their top air defense talent on the MEADS program. I am particularly pleased that the spirit of cooperation is so evident. The team is committed to success, from top to bottom.'' The PD-V program is planned to culminate in a January 1999 International Source Selection to downselect to a single contractor team for Design and Development and System Production (with an estimated value greater than $6 billion). MEADS is planned to be fielded with U.S. Army, U.S. Marine Corps, German Air Force and Italian Air Force
MEADS Inc. is located in Huntsville, where the NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. Management Agency has headquarters. The team will conduct its program management and systems engineering in Huntsville, with Integrated Product Teams (IPTs) for major system components located at parent contractor facilities in Italy, Germany and the United States. The IPTs are populated with members from each of the five parent companies. Stephen R. Stanvick, chairman of H&R Co., summarizing the MEADS Inc. strategy for the next two years, said, ``Our objective in the conduct of the MEADS PD-V is to make international cooperation a true success on this program, producing a best-value system design for MEADS that will feature the capabilities and products of our trans-Atlantic team members and speed this important defensive system capability into the hands of our armed forces.'' Hughes Aircraft is a world leader in the development and production of missile systems, command and control systems, ground- based radars, and airborne radars for use in land, sea, air, theater and strategic defense applications. With headquarters in Arlington, Va., Hughes Aircraft is a unit of Hughes Electronics Corp. With more than 80,000 employees and annual sales near $15 billion, Hughes Electronics designs and manufactures advanced electronic systems for automotive, defense and telecommunications and space applications, and direct-broadcast television. The earnings of Hughes Electronics are used to calculate earnings per share attributable to GMH GMH General Motors Holden's (NYSE NYSE See: New York Stock Exchange symbol) common stock. Raytheon is one of the world's leading suppliers of surface-to- air missile systems and ground-based radars. Raytheon's HAWK medium- range air defense missile system is in use in 21 countries around the world, and Raytheon's world-class Patriot surface-to-air missile system Noun 1. surface-to-air missile system - the shipboard system that fires missiles at aircraft shipboard system - a system designed to work as a coherent entity on board a naval ship is currently the centerpiece air defense system in the United States and six allied nations. With headquarters in Lexington, Mass., Raytheon (NYSE:RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ) is a $12 billion international, high-technology company that operates in these businesses: commercial and defense electronics, engineering and construction, aircraft and major appliances. CONTACT: Hughes Aircraft Co., El Segundo Felicia Campbell, 310/616-4216 310/616-3402 (fax) 310/298-6090 (pager) facampbell@ccgate.hac.com or Raytheon Co., Lexington Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 617/860-2520 (fax) http://www.raytheon.com |
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