Raytheon receives $79 M award for US Navy Multiband Terminal systems

Raytheon Company (NYSE: RTN) has received a $79 million contract from the U.S. Navy for 47 more Navy Multiband Terminal (NMT) systems.

NMT is one of three Raytheon Advanced Extremely High Frequency (AEHF) terminals that are in production and have successfully interoperated with the AEHF satellite. The other two are the U.S. Army's Secure Mobile Anti-jam Reliable Tactical Terminal and the U.S. Air Force's Minuteman Minimum Essential Emergency Communications Network Program Upgrade. Raytheon is the only provider of deployed AEHF terminals to the U.S. armed forces.

"Raytheon is committed to meeting our customers' needs," said Scott Whatmough, vice president of Integrated Communication Systems for Raytheon's Network Centric Systems business. "The latest production order confirms our commitment to the Navy to develop, demonstrate and deliver a multibanded, secure terminal using the Advanced Extremely High Frequency waveform."

NMT has been in production since 2010. In total, Raytheon is expected to field more than 350 AEHF NMT terminals to the U.S. and international partners under the production contract. The NMT system incorporates Raytheon's demonstrated XDR waveform, a complex protected communications protocol which is implemented in hardware and software. XDR provides users with increased bandwidth and speed, enabling strategic and tactical military communications.

Source: Raytheon Corporation (NYSE: RTN)
Date: Jun 13, 2012