Raytheon Awarded $152 M for Patriot Engineering Services

(Tewksbury, Mass., March 9, 2010) -- Raytheon Company (NYSE: RTN) was awarded a $152.4 million contract modification to provide engineering services for the Patriot Air and Missile Defense System.

This contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the second of four annual modifications to the original 2009 baseline contract for Patriot engineering services. Under the contract, Raytheon will continue to provide the latest upgrades and system capabilities through systems analysis, software and hardware engineering, and testing and logistics support to both U.S. and international Patriot customers.

"The engineering services program is the cornerstone of Raytheon's commitment to ensuring system performance and helping the Army achieve its goal of mission readiness," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "This award further solidifies our partnership with the U.S. and our 11 partner nations that have selected Patriot as the foundation of their air and missile defense strategy."

Source : Raytheon Corporation (NYSE: RTN)