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 monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT 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

U.S. Navy awards Raytheon up to $104 million for long-range radar operations

26/04/2016 2:00pm

PR Newswire (US)


Raytheon (NYSE:RTN)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Raytheon Charts.

CHESAPEAKE, Va., April 26, 2016 /PRNewswire/ -- The U.S. Navy's Naval Supply Systems Command (NAVSUP) has awarded Raytheon Company (NYSE: RTN) up to $104 million to conduct operations and maintenance for the Relocatable Over-the-Horizon Radar (ROTHR) program. ROTHR is a long-range surveillance radar used by the U.S. government in counter narco-terrorism operations. Raytheon designed and built ROTHR and will provide operations support, modernization and maintenance of the radar system.

"Raytheon and ROTHR technology help to make the world a safer place," said Dave Wajsgras, president of Raytheon Intelligence, Information and Services (IIS). "Our team will work closely with the U.S. Navy's Forces Surveillance Support Center and the Joint Interagency Task Force South, tracking hundreds of illegal activities every year that threaten to enter our borders."

ROTHR is a high-frequency radar system originally designed and built to provide long-range detection and tracking of aircraft and ships. Each radar provides more than 2.5 million square miles of coverage area, resulting in extremely low operational costs.

"Raytheon will provide critical mission support to ROTHR, collecting vital detection and tracking data for operational commanders," said Todd Probert, vice president of Mission Support and Modernization at Raytheon IIS. "This new contract demonstrates trust in Raytheon to bring innovative, no-fail sustainment, modernization and operations support to the critical mission of securing our borders."

ROTHR is the primary long-range air detection system for the Join Interagency Task Force South, or JIATF-S, which coordinates the detection and interdiction of illicit trafficking and other narco-terrorist threats to U.S. national security. In just one interdiction, ROTHR operations led directly to the seizure of 4.5 metric tons of cocaine, valued at approximately $90 million. The new contract covers operations and maintenance at ROTHR's six locations in Puerto Rico, Texas and Virginia.

About Raytheon

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 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. Visit us at www.raytheon.com and follow us on Twitter @Raytheon.

Media Contact 
Raytheon 
Rachael Duffy 
571-250-1517 
Rachael.L.Duffy@raytheon.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-navy-awards-raytheon-up-to-104-million-for-long-range-radar-operations-300256720.html

SOURCE Raytheon Company

Copyright 2016 PR Newswire

1 Year Raytheon Chart

1 Year Raytheon Chart

1 Month Raytheon Chart

1 Month Raytheon Chart

Your Recent History

Delayed Upgrade Clock