Raytheon Company (NYSE: RTN) was awarded a Defense Threat Reduction Agency (DTRA) maritime border security contract for the Philippines. Valued at up to $18 million if all options are exercised, this is Raytheon's first border security-related contract in Southeast Asia.
Under the two-year base contract, Raytheon will design and construct a National Coast Watch Center (NCWC); support integration of data from various agencies into the NCWC; and provide acquisition, installation and training on an automatic identification system as well as radio communications for the Government of the Philippines. The contract was awarded July 2013, and will end July 31, 2015.
"The Philippines contract extends Raytheon's border security solutions portfolio to Southeast Asia and confirms that our integration solutions, program management leadership and international expertise are valuable as we expand our support of customers around the world," said David Appel, director of Surveillance, Range, and Infrastructure Solutions for Raytheon's Intelligence, Information and Services business. "With this contract, Raytheon continues its role in providing critical services and solutions to help other countries deter, detect and interdict illicit weapons and materials that could harm their citizens."
Source: Raytheon Corporation (NYSE: RTN)
Date: Aug 23, 2013