Raytheon Awarded $89.5 M Digital Radar Warning Receiver Contract

(Goleta, Calif., April 29, 2010) -- Raytheon Company (NYSE: RTN) has received an $89.5 million contract award from the U.S. Navy for the continued production of its ALR-67(V)3 digital radar warning receiver.

The contract includes systems and spares for the U.S. Naval Air Systems Command as well as international customers.

"This award reflects our continuing commitment to providing highly reliable, advanced electronic warfare products and technologies to our customers," said Scott Jackson, general manager for Raytheon's Electronic Warfare Systems business.

The ALR-67(V)3 is the U.S. Navy standard for digital radar warning receiver technology, installed on all its frontline, carrier-based F/A-18E/F tactical aircraft. It is an integral part of modernization programs for U.S. and international F/A-18 customers.

This contract represents the 12th full rate production lot awarded to Raytheon as part of an original contract that began in the late 1980s with the initial development of the radar warning receiver. Deliveries for this lot will begin in January 2012 and are expected to be completed by December 2012. A total of 681 ALR-67(V)3 systems plus spares have now been ordered. Later this year, the team will deliver its 500th system. The international procurements are foreign military sales with potential additional contracts for software, engineering, and performance-based logistics support.

Source : Raytheon Corporation (NYSE: RTN)