Raytheon, IBM sign contract to collaborate on aerospace & defense.LEXINGTON Lexington. 1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. , Mass. and ARMONK, N.Y., Aug. 5 /PRNewswire-FirstCall/--Raytheon Company and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) today announced plans to work together to design custom semiconductors and systems for customers in the aerospace and defense industry. The two companies have formed a strategic relationship that brings together Raytheon's expertise in defense electronics technology and aerospace and defense, and IBM's leadership in complementary areas such as cutting-edge chip design, software development, large systems computer architecture and network integration. Raytheon Raytheon Company (NYSE: RTN) is a major American defense contractor and industrial corporation with core manufacturing concentrations in defense systems and defense and commercial electronics. and IBM intend to work together to market the solutions they design. "This powerful relationship will draw on the two companies' vast engineering and manufacturing experience, worldwide technical leadership and expertise, and an in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis knowledge of industry needs to deliver innovative, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. mission solutions to our customers," stated Greg Shelton, corporate vice president of engineering, technology, manufacturing and quality, Raytheon Company. "Aerospace and defense are becoming increasingly reliant on the ability to integrate advanced technology into so-called commercial-off-the-shelf products (COTS (Commercial Off-The-Shelf) Refers to ready-made merchandise that is available for sale. See MOTS. (software) COTS - commercial off-the-shelf. See commercial software. ) and we have a great deal of experience and success in this area. Now, combining many of our skills, our goal will be to deliver designs even quicker, giving our customers a competitive advantage," said Pat Toole, general manager, Engineering & Technology Services, IBM Technology Group. Both companies believe that working cooperatively on existing and new programs will provide their customers with the best solutions, improve performance, and provide a foundation for future business. The contract could be worth up to $100 million to IBM over five years. The two companies are creating a project office to respond to customer needs and oversee potential joint projects and contractual engagements. |
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