Raytheon wins US Army IDIQ contract award

TUCSON, Ariz., July 1, 2015 /PRNewswire/ -- The U.S. Army Contracting Command – Warren recently awarded Raytheon Company (NYSE: RTN) the TACOM Strategic Service Solutions (TS3) indefinite delivery/indefinite quantity (IDIQ) contract. The five-year multiple-award vehicle has a ceiling value of $634 million.

The agreement covers future work on sensors, fire control systems, active protection systems, and robotics and autonomous systems for a variety of U.S. Army platforms.

"This contract award represents a major milestone in Raytheon's efforts to deliver vehicle-borne sensors and effectors," said Tom Bussing, vice president of Raytheon's Advanced Missile Systems product line. "Our customer is one of the Army's largest weapon systems research, development and sustainment organizations as well as the center of excellence for the Defense Department in the area of ground vehicles and ground robotics."

This is the first such contract awarded by the Contracting Command to Raytheon Company as a prime contractor. The TS3 contract will be managed in the Raytheon IDIQ Service Center to ensure efficiency and contract optimization by the entire company and its teammates. It is anticipated the majority of the task orders will be performed by Raytheon's Missile Systems business in Tucson.

About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cybersecurity and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon

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SOURCE Raytheon Company

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