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RTN Raytheon Co

116.96
0.00 (0.00%)
08 May 2024 - Closed
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Share Name Share Symbol Market Type
Raytheon Co NYSE:RTN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 116.96 0 01:00:00

Protest over, Raytheon to begin work on $600m contract to sustain and modernize U.S. Army strategic software systems

26/03/2018 1:00pm

PR Newswire (US)


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HUNTSVILLE, Ala., March 26, 2018 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is beginning work on a contract to sustain and modernize missile defense and other strategic systems operated by the U.S. Army, combatant commands and other government agencies.

Raytheon logo (PRNewsfoto/Raytheon)

The $600-million, three-year contract was first announced last June and a protest was withdrawn in February. Within the next 30-60 days Raytheon will begin accepting directions from the Army to conduct software sustainment and system engineering services for critical systems including THAAD, AN/TPY-2 radars, the Ground-Based Midcourse Defense System, the Sea-Based X-Band Radar and Upgraded Early Warning Radars.

Raytheon will use the company's expertise in commercial software practices to speed delivery of software upgrades across the supported systems to improve them without interrupting critical missions. 

"We're bringing state-of-the-art, commercial software practices, such as DevOps and Agile, to make sure the systems the Army depends on stay ahead of evolving threats," said Todd Probert, vice president of Mission Support and Modernization at Raytheon Intelligence, Information and Services.

Work will be conducted at the Systems Simulation, Software and Integration Directorate, U.S. Army Aviation and Missile Research, Development and Engineering Center at Redstone Arsenal. The contract is expected to directly employ approximately 800 people in the Huntsville, Ala., area and Raytheon will begin transitioning and or hiring experienced software and hardware engineers, program managers, and other professional services experts in the coming months.

About Raytheon
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

About AMRDEC
U.S. Army Aviation and Missile Research, Development, and Engineering Center provides increased responsiveness to the nation's Warfighters through aviation and missile capabilities and life cycle engineering solutions.

Media Contact
Raytheon
Chris Johnson
571-250-3418
Chris.Johnson@raytheon.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/protest-over-raytheon-to-begin-work-on-600m-contract-to-sustain-and-modernize-us-army-strategic-software-systems-300619118.html

SOURCE Raytheon Company

Copyright 2018 PR Newswire

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