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Share Name | Share Symbol | Market | Type |
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Raytheon Co | NYSE:RTN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 116.96 | 0 | 01:00:00 |
FORT WAYNE, Ind., Sep. 4, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) will develop and qualify a high-frequency radio under a $36 million Project Agreement through an Other Transaction Agreement with Consortium Management Group. The OTA is on behalf of Consortium for Command, Control and Communications in Cyberspace, in support of requirements from the U.S. Air Force Life Cycle Management Center.
The new radio will provide beyond line-of-sight, long distance communications for aircrews.
"High-frequency radios provide the military with secure communications in an increasingly complex and congested threat environment," said Barbara Borgonovi, vice president of Integrated Communication Systems. "Raytheon's partnership with FlexRadio combines commercial innovation with advanced military hardening techniques to rapidly deliver a next-generation operational capability that supports strategic and tactical missions."
The Raytheon-FlexRadio team is one of two recipients for this development program. After the 31-month period of performance, one team will be named to move on to production.
"Worldwide high-frequency communications is what our commercial customers do every day using virtually every mode of operation and type of propagation," said Gerald Youngblood, CEO of FlexRadio. "Our partnership brings together the vast resources and experience of Raytheon in airborne tactical communications systems with FlexRadio's commercial off-the-shelf high-frequency Software Defined Radios to deliver a modular, extensible, and flexible communications platform for the warfighter."
About CMG
The mission of Consortium Management Group, Inc. on behalf of Consortium for Command, Control, and Communications in Cyberspace (C5) is to speed development of technologies to improve U.S. Government capabilities required to sustain U.S. military supremacy in weapon systems information technologies.
For more information on CMG and its uniquely rapid, cost-effective and collaborative acquisition vehicle for companies, nonprofits and academic organizations seeking to do business with the Federal Government, contact Mary Reinecke at mary@cmgcorp.org, 202-466-4211
About FlexRadio
FlexRadio Systems is a leader in technologically advanced software defined radio systems for the consumer, commercial and government markets. Founded in 2003, FlexRadio has customers in more than 30 countries with a wide range of products spanning consumer HF radio systems, government geolocation sensors and signals intelligence platforms. FlexRadio Systems is headquartered in Austin, Texas. For more information, please visit www.flexradio.com.
About Raytheon
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.
Media Contact
B.J. Boling
+1.972.952.4761
saspr@raytheon.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/raytheon-flexradio-team-to-develop-airborne-high-frequency-radio-300911606.html
SOURCE Raytheon Company
Copyright 2019 PR Newswire
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