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Print Edition StoriesWednesday, July 29, 2009
Raytheon wins $16M Navy contracts for Aegis radar
By Mass High Tech Staff
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The U.S. Navy continues to pump money into Raytheon Co., this time awarding $16 million in two contracts for the defense contractor’s Aegis weapons system.
Under one contract, Raytheon Integrated Defense Systems (IDS) of Tewksbury will provide ordnance alteration kits for the AN/SPY-1 radar transmitter used in the Aegis system. The kits are intended to enhance the radar’s processing performance and capability. The second contract calls for Raytheon (NYSE:RTN) to continue its performance-based logistics support, including spares and repairs for Aegis weapons systems used by the U.S. Navy and Coast Guard. Raytheon will also manage system repairs in support of foreign military sales, according to officials.
Raytheon has been producing the AN/SPY-1 radar transmitters and MK99 Fire Control System, both key components of the Aegis system, for 30 years as part of the U.S. Navy’s Aegis shipbuilding program. The Aegis systems are installed in the U.S. Navy’s fleet of cruisers and destroyers, as well as Japanese Kongo-class destroyers and Spanish F-100-class frigates.
Work under the contracts will be performed at Raytheon IDS’ Surveillance and Sensors Center in Sudbury, and at Raytheon Technical Services Co. in Norfolk, Va.
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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