Raytheon and Hughes begin work on the Meads Air Defense Program international teaming phase.LEXINGTON, Mass.--(BUSINESS WIRE)--June 3, 1996--A contract for the initial phase of the International Medium Extended Air Defense System Medium Extended Air Defense System (MEADS) is a military project intended to replace aging NATO Patriot missiles. The USA, Germany and Italy are contributing toward the project. France, though initially in the project, withdrew some time ago. (MEADS) Air Defense Program was awarded to the H&R Company, a joint venture between Raytheon Company and 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. Company. This initial award of $4 million has been anticipated since October 1995, when the H&R Company team was announced as one of two downselect winners for the Project Definition-Validation (PD-V) Phase of the air defense and missile defense system Noun 1. missile defense system - naval weaponry providing a defense system missile defence system naval weaponry - weaponry for warships program. The H&R Company will now integrate with a EuroMEADS counterpart team during this initial phase and then transition into the PD-V Phase of the MEADS Program. The EuroMEADS team will consist of members from FINMECCANICA S.p.A. of Italy and LFK- Lenkflugkopersysteme GmbH and SIEMENS AG of Germany based on a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) signed by Germany, Italy and the U.S. on May 28, 1996. Under the multi-lateral program agreement, one contractor team will be selected in 1999 to continue the design and development phase contract. MEADS was formerly known in the U.S. as the Corps Surface-to-Air Missile (CORPS SAM). Officials of the Hughes/Raytheon joint venture, expect the U.S. and European MEADS program to have a potential value of more than $3 billion. RThis is a very ambitious program and Raytheon and Hughes are the ideal U.S. team for the MEADS program,S said Steve Stanvick, a Raytheon vice president and manger of missile and air defense systems. RBoth Raytheon and Hughes are recognized as world leaders in tactical air defense and battle management systems with each company having nearly 40 years of experience. Our team brings proven management and technical expertise to ensure a successful cooperative program with our German and Italian partners. We have worked very hard with our European counterparts since the downselect announcement in October. IUm pleased to report that significant progress has already been made in the teaming process with our European partners, each of whom brings a great deal of expertise that will help make MEADS a success. MEADS will provide U.S. and Allied forces the needed missile batteries, sensors, and command and control systems capable to move with and protect maneuver forces from observation and attack by enemy air forces and tactical missiles.S Don Infante in·fan·te n. A son of a Spanish or Portuguese king other than the heir to the throne. [Spanish and Portuguese, both from Latin , a vice president at Hughes and manager, Hughes Defense Systems (who, together with Stanvick, heads up the H&R joint venture) is pleased that the governments have been successful in getting the program underway. RThe MEADS program will provide the nucleus of coalition air defense on the new world battlefield,S said Don Infante. RWe firmly believe that MEADS represents the future of air defense, a mission to which both companies are completely committed. MEADS will be the linchpin linch·pin or lynch·pin n. 1. A locking pin inserted in the end of a shaft, as in an axle, to prevent a wheel from slipping off. 2. for Air Defense to Force XXI - and we need to get it moving.S Raytheon is a top tier player in air defense and is one of the worldUs leading suppliers of surface-to-air missile systems. RaytheonUs HAWK medium-range air defense missile system is in use in 20 countries around the world. RaytheonUs world class Patriot surface-to-air missile system is currently the centerpiece air defense system in the United States and seven allied nations. RaytheonUs air defense is also being applied to the Theater High Altitude Area Defense (THAAD THAAD Terminal High-Altitude Area Defense (formerly Theater High Altitude Area Defense) THAAD Theater High Altitude Area Defense (now Terminal High-Altitude Area Defense) ) program in the areas of the radar, command, control, and communications. Both Hughes and Raytheon produce the AMRAAM AMRAAM Advanced Medium-Range Air-to-Air Missile missile for U.S. and international customers. Hughes Aircraft Company is a world leader in the development and production of tactical missile systems for use in land, sea, air, theater and strategic defense applications. With headquarters in Arlington, Virg., Hughes Aircraft is a unit of Hughes Electronics Corporation. 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 Company, headquartered in Lexington, Mass., is a $12 billion international, high technology company which operates in four businesses: commercial and defense electronics, engineering and construction, aircraft and major appliances. (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 ). CONTACT: Gail Hayes 617/860-2410 Felicia Campbell 310/616-4216 FAX 617/860-2520 FAX 310/616-3402 http://www.raytheon.com facampbell@ccgate.hac.com |
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