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Print Edition StoriesMonday, December 8, 2008
Navy awards $8M to Raytheon for Zumwalt-class missile radar
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Raytheon Co. has landed $8.8 million from the U.S. Navy for radar and electronics engineering on its newest class of destroyers, according to the U.S. Department of Defense.
The Waltham-based defense giant’s Integrated Defense Systems unit received the contract modification for engineering services to update mission systems equipment on Zumwalt Class Destroyer. Raytheon (NYSE: RTN) will conduct remote missile-firing tests on the Navy’s defense test ship in an effort to mitigate production and integration risk. Work will be performed in Portsmouth, R.I., in Tewksbury and in Andover, and is expected to be completed by August 2009.
Last week, Raytheon appointed Lynn Dugle president of its Intelligence and Information Systems division, replacing the retiring Michael Keebaugh. Dugle had been vice president and deputy general manager of IIS. Keebaugh, president of IIS since 2002, will retire at the end of the year. On Thursday, the Waltham-based defense giant won a $77.4 million contract from the U.S. Army to upgrade Patriot missiles.
Last month, Raytheon landed $21 million to provide mission sustainment and support services for the Army’s Base Expeditionary Targeting and Surveillance System. The government contract was a modification of a previous deal with the Army.
Raytheon employs 72,000 people worldwide and reported a 2007 net income of $3.5 billion on revenue of $21.3 billion.
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