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Raytheon Awarded $13.8 Million U.S. Navy Contract to Service Trident II Missile Guidance Electronics.

6 LEXINGTON, Mass.--(BUSINESS WIRE)--July 7, 1998--The U.S. Navy has awarded Raytheon Systems Company, a unit of Raytheon Company (NYSE:RTNA, RTNB), a $13.8 million contract to provide repair maintenance for Trident II missile guidance electronics. 6 The contract was awarded by the Navy's Strategic Systems Programs and calls for the repair maintenance, recertification and program support of fielded Trident MK6 Missile Guidance System Electronic Assemblies, Inertial Measurement Unit Electronics, and related hardware for the Trident II (D5) Missile Guidance System. The total value of the four-year, incrementally funded contract is expected to be $65 million, with work planned for completion by December 2001. 6 Raytheon has participated for more than 40 years as a member of the Navy's Fleet Ballistic Missile program team responsible for the Polaris, Poseidon, Trident I and Trident II weapon systems. 6 Raytheon Company, based in Lexington, Mass., is a global technology leader with worldwide 1997 sales ofmore than $20 billion and more than 116,000 employees. The company provides state-of-the-art products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and services more than 80 countries around the world.

 CONTACT: Raytheon Company
 Jim Knotts, 310/616-1022
 http://www.raytheon.com


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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 7, 1998
Words:216
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