Raytheon Receives up to $2.35 billion in Federal Contracts

NEC member Raytheon, one of the world’ largest defense companies, has been awarded up to $2.35 billion in defense contracts with the federal government in the last week. The first was an award of up to $1.63 billion from the US Navy to build and deliver advanced radar technologies. The second was an award of nearly $72 million from the Army to upgrade the Patriot Air and Missile Defense System.

Raytheon beat out two other companies to build the new Navy radar technology that will be used on Arleigh Burke class destroyers that will be deployed starting in 2016. The company will develop radar technology that will make military satellite communications more affordable and harder to compromise. The second defense contract will provide the Army with two technologies that will improve radar reliability by 40% and increase the safety of soldiers on the ground by allowing them to better respond to evolving threats.

“These major enhancements to the Radar Digital Processor pave the way for improved target detection and identification, multifunction surveillance and the full support of advanced PAC-3 missile enhancements through software upgrades,” said Ralph Acaba, vice president of Integrated Air and Missile Defense at Raytheon’s Integrated Defense Systems (IDS) business. “The new Modern Man Station with color LCD displays, touch screens and soft keys will give soldiers the ability to more quickly identify threats, assess the situation and make decisions.”

With annual sales exceeding $20 billion, Waltham-based Raytheon Company, has 68,000 employees worldwide. The global technology and innovation leader develops and manufactures product that strengthen national security and protect our men and women in uniform. The New England Council congratulates Raytheon on these two contracts.

 

Read more in the Worcester Business Journal or in Raytheon’s press release.

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