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Print Edition StoriesWednesday, June 3, 2009
Raytheon lands $6.5M deployment support deal
By Mass High Tech staff
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Raytheon Co. has won a $6.5 million contract from the U.S. Army Space and Missile Defense Command, Contracting and Acquisition Management Office in Huntsville, Ala. The contract, intended to extend to the end of the year, calls for Raytheon’s support of rapid aerostat initial deployment tower systems.
RAID systems are tower-based sensor systems for surveillance. The contract work will be conducted from the Andover-based headquarters of Raytheon (NYSE: RTN).
Last week, Raytheon announced that its Integrated Defense Systems unit had landed $30 million from the U.S. Army for its surface-launched medium range air-to-air missile (SLAMRAAM). The SLAMRAAM system is intended to be a “tailorable” air defense system used to counter current and emerging cruise missile threats and unmanned aerial systems and a wide range of air breathing threats, such as aircraft, missiles and rockets. SLAMRAAM includes mobile, networked battlefield elements, geographically distributed to provide integrated fire control capability against airborne threats.
The defense giant received several other defense contracts in May, including a $115 million U.S. Army deal calling for Raytheon to supply Patriot missile systems and $9 million U.S. Army contract for Patriot missile maintenance.
Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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