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Raytheon Awarded $47.1 Million in Patriot Contracts.

LEXINGTON, Mass.--(BUSINESS WIRE)--June 30, 1998--Raytheon Systems Company, a unit of Raytheon Company (NYSE:RTNA)(NYSE:RTNB), recently received five contracts from the U.S. Army Aviation & Missile Command (AMCOM), Redstone Arsenal, Ala., totaling $47.1 million in support of the Patriot air defense system.

The first two awards, which total roughly $23.65 million, are contract modifications to the fiscal year 1998 engineering services contract that provide additional level-of-effort support to the U.S. Army AMCOM, the Kingdom of Saudi Arabia, Japan, and The Netherlands. This contract provides support in the areas of system and software engineering, quality assurance, configuration management, system testing, program management and logistics. Work will be performed in Bedford, Burlington and Tewksbury, Mass; Huntsville, Ala; Orlando, Fla; El Paso, Texas, and Saudi Arabia, and is expected to be completed by January 31, 1999.

The third award, which totals approximately $13.15 million, is a contract modification for Patriot Sweep V Mod Kits and associated spares for the United States, The Netherlands, Kuwait and Israel. These kits provide various system performance, reliability and operational upgrades to the Patriot Radar, Engagement Control Station, and Information Coordination Central. Work will be performed in Andover, Mass., and Virginia Beach, Va., and is expected to be completed by Dec. 31, 2004.

The fourth award, which totals $4.98 million, is a contract to begin low rate initial production (LRIP), which is required to provide various kits and concurrent spares to support the integration of Patriot Advanced Capability 3 (PAC-3) hardware into the Patriot Radar, Launching Station and Engagement Control Station. The PAC-3 Missile Segment Integration LRIP program consists of nine engineering change proposal modifications which, when incorporated, will allow the existing Patriot Weapon System to select and launch PAC-3 missiles while maintaining Patriot Configuration 2 performance. Work will be performed in Andover, Bedford, Waltham, and Tewksbury, Mass; Raytheon Canada, Ltd., Waterloo, Ontario; and, White Sands Missile Range, N.M.

The last award, which totals $5.37 million, is a contract to provide for the generation and update of Patriot technical manuals and repair parts and special tools lists to reflect production hardware and software configuration changes. Work will be performed in Burlington and Bedford, Mass., and is expected to be completed by March 31, 1999. The contract contains options valued at $6.9 million, which, if exercised, would extend it until March 31, 2000.

Raytheon Company, based in Lexington, Mass., is a global technology leader, with worldwide sales of more than $20 billion and more than 118,000 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 serves customers in more than 80 countries around the world.

 CONTACT: Raytheon Company
 Dave Shea, (703) 284-4245

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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jun 30, 1998
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