Raytheon Awarded $7M Network Centric Airborne Defense Element Work

(TUCSON, Ariz., May 19, 2006) -- Raytheon Company (NYSE: RTN) has received a $7 million contract from the Missile Defense Agency (MDA) for a risk reduction demonstration associated with the evolving Network Centric Airborne Defense Element (NCADE) program. NCADE is a missile defense system that will affordably leverage operational tactical missile technologies and infrastructure. The 12-month Raytheon effort will focus on propulsion systems and seeker enhancements as part of the overall NCADE system capability. Successful results of the effort will be evaluated by MDA to determine applicability to a dynamic, cost-effective capability development program. "NCADE is proposed as an affordable boost- and ascent-phase intercept system that complements other MDA defensive capabilities focused on the protection of the continental United States and its allies against shorter range and asymmetric threat missiles," said Michael Booen, Raytheon vice president of Advanced Missile Defense and Directed Energy Weapons. "Successful completion of this risk reduction effort will offer MDA confidence it can have a near-term capability." Work on this contract will be performed at Raytheon's Missile Systems business in Tucson, Ariz. Aerojet will perform propulsion work at its Redmond, Wash., location.

Source: Raytheon Company
Date: May 22, 2006