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Tuesday, July 21, 2009

Navy destroyer work adds $60M to Raytheon coffers

By Brendan Lynch

Raytheon Co.’s Integrated Defense Systems has landed $60 million from the U.S. Navy for work on Navy destroyers, according to the U.S. Department of Defense.

Under the deal, a modification to a previously won contract, Tewksbury-based Raytheon (NYSE: RTN) IDS will service mission system equipment on Zumwalt class destroyers. Work on the deal will be performed in Marlborough, Sudbury, Tewksbury, Portsmouth, R.I., San Diego and Towson, Md. Additional work will also be performed at Lockheed Martin facilities in New Jersey and Ohio, and at BAE Systems facilities in Minnesota. Work on the contract is expected to be completed by 2013.    

Last week, Raytheon landed $30 million from the U.S. Air Force for the design and prototype of the “Space Fence” — a project that is intended to provide the Air Force with improved space surveillance capability to detect and report space objects. The “fence” will use sensors and S-band radars to track small objects in low earth orbit for situational awareness in space. The first radar system is expected to be delivered in 2015.

Earlier this month, IDS 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 will develop technology for a stand-off warning against radiological materials (SWARM).

Waltham-based Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.

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