Monday, July 6, 2009

Raytheon’s radiological detection pulls in $1.2M

By Brendan Lynch

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Raytheon Co. reports its Integrated Defense Systems unit has landed $1.2 million from the U.S. Department of Homeland Security to develop a system to detect radiological materials.

Under the deal, the second phase of a five-phase, $2.9 millon contract, Raytheon (NYSE: RTN) will develop technology for a stand-off warning against radiological materials (SWARM). The five phases are planned to last eight months. The project is being run out of DHS’ Domestic Nuclear Detection Office under the Exploratory Research in Nuclear Detection Technology Program.

Raytheon is developing modeling capabilities intended to optimize the number and types of sensors being used for detection and the architecture necessary to implement a distributed sensor network.

Last week, Raytheon brought in three deals worth about $51 million.
 
Raytheon IDS landed $5.7 million from the U.S. Army for work on the Patriot missile. IDS will perform engineering services on the Waltham-based defense giant’s Patriot missile systems.

IDS also landed $9.9 million from the U.S. Navy to develop missile defense radar technology. Under the deal, Raytheon (NYSE: RTN) IDS will perform concept studies for the Air and Missile Defense Radar S-Band (AMDR-S) and Radar Suite Controller (RSC).

The company also brought in $36.1 million from the U.S. Army to provide Kuwait with Patriot Missile radar upgrades. Under the deal, a Foreign Military Sales contract for the State of Kuwait, Raytheon will upgrade the country’s Patriot missile radar systems to Configuration-3, providing depot test equipment, training and technical services.

Raytheon IDS is a subsidiary of Waltham-based Raytheon, which employees 72,000 workers and reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.