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Raytheon Books USD 50M in Electronic Warfare Contracts

• Continued growth expected in EW field

Raytheon Company (NYSE: RTN) booked $50 million this month in new contract awards related to its electronic warfare (EW) business.

Raytheon's industry-leading electronic warfare portfolio includes airborne and shipboard jammers, towed decoys and radar warning receivers in use on strategic and tactical aircraft, helicopters and surface ships of the U.S. Air Force, U.S. Navy and international customers.

"For more than 50 years, Raytheon's EW products have earned a reputation around the world for superior performance and reliability," said Mark Kula, vice president, Tactical Airborne Systems, for Raytheon Space and Airborne Systems. "As we look to the future, the electronic warfare market will evolve to encompass intelligence, surveillance and reconnaissance data collection and electronic attack, and Raytheon is well positioned to participate at the forefront of these trends."

Source : Raytheon Corporation (NYSE: RTN)

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Published on ASDNews: Dec 30, 2011