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Wednesday, October 28, 2009

Raytheon pulls in two Navy deals for $90M

By Brendan Lynch

Raytheon Co.’s Integrated Defense Systems unit reports it has landed two deals for sonar and radar technology from the U.S. Navy worth almost $90 million.

Under one deal, Raytheon (NYSE: RTN) IDS brought in $81.1 million from the Navy for 23 sonar sensors to be used in Navy helicopters. Raytheon IDS will manfacture and test the AN/AQS-22 Airborne Low Frequency Sonar (ALFS) for use on the MH-60R multi-mission helicopter.

In a separate deal, Raytheon IDS has received a $9.6 million contract modification from the Navy on a previously won contract for engineering on dual-band radar used on Zumwalt-class destroyers and Seasparrow missiles. Raytheon will perform combat systems engineering, software engineering, configuration control, integration and testing.

Work on the contract will be performed at Raytheon IDS’ Seapower Capability Center in Portsmouth, R.I.; and at IDS headquarters in, Tewksbury; as well as in San Diego, St. Petersburg, Fla.; and Tucson, Ariz.




 

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