ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

RTN Raytheon Co

116.96
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

Raytheon overhauling Royal Canadian Navy Phalanx Close-In Weapon System

20/02/2018 6:50pm

PR Newswire (Canada)


Raytheon (NYSE:RTN)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Raytheon Charts.

$330 (CAD) million contract will help protect ships and sailors for years to come

CALGARY, Alberta, Feb. 20, 2018 /CNW/ -- Raytheon Canada Limited is overhauling and providing in-service support for the Phalanx Close-In Weapon Systems operated by the Royal Canadian Navy.   

Raytheon logo (PRNewsfoto/Raytheon)

Raytheon (NYSE: RTN) produces Phalanx, a rapid-fire, computer-controlled radar and 20mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated other ship defense systems. More than 890 systems have been built for navies around the world.

"The Phalanx CIWS is an integral element of the Canadian Navy's defence," said Terry Manion, RCL vice-president and general manager. "This contract supports modernization work that will keep these systems ready and relevant well into the future."

Under the $330 (CAD) million contract by Public Services and Procurement Canada, RCL, working with Raytheon Intelligence, Information and Services, will provide maintenance, fleet technical support, repair and overhaul services on the Phalanx mounts which will ensure the systems are ready to address current and emerging threats.

"Raytheon is a world leader in platform sustainment and modernization," said Todd Probert, RCL board member and vice president of Mission Support and Modernization at Raytheon Intelligence, Information and Services. "We will continue to provide the technologies, systems and expertise the Royal Canadian Navy needs to stay ahead of rapidly evolving threats."

Work under the contract, which was signed November 2017, will be conducted in Raytheon Canada Limited's Calgary facilities. RCL has supported a broad range of Canadian defense and technology programs for nearly 25 years.

About Raytheon Canada Limited

Raytheon Canada Limited (RCL) is a subsidiary of Raytheon Company. RCL is a leader in high technology solutions, engineering services, surveillance and navigation systems including air traffic control radars, highway traffic management systems, maritime surveillance radars and weapon systems, and precision optics.

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.

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

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/raytheon-overhauling-royal-canadian-navy-phalanx-close-in-weapon-system-300601364.html

SOURCE Raytheon

Copyright 2018 Canada NewsWire

1 Year Raytheon Chart

1 Year Raytheon Chart

1 Month Raytheon Chart

1 Month Raytheon Chart

Your Recent History

Delayed Upgrade Clock