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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 |
TUCSON, Ariz., April 5, 2016 /PRNewswire/ -- The U.S. Army awarded $56 million to the team of Raytheon Company (NYSE: RTN), and DRS Technologies to engineer, manufacture and develop the 3rd Generation Forward Looking Infrared B-Kit, an upgrade to night vision equipment that will allow ground troops to discriminate between friend or foe at twice the distance of current systems.
The next generation B-Kit is a form/fit upgrade, allowing an affordable and low risk upgrade to the 17,000 fielded 2nd generation ground FLIR systems. "After decades of experience delivering high-performance night vision to the U.S. Army, our team is uniquely qualified to help maintain combat overmatch for our ground troops," said Duane Gooden, Raytheon Land Warfare Systems vice president. Third Gen FLIR will dramatically increase the range of ground combat vehicle sensors under all conditions, allowing our forces to acquire and stop the enemy."
Under the four-year engineering, manufacturing and development contract, the team will deliver B-Kit systems for platform system integration and testing. A two-year option to build additional systems for more comprehensive testing is also included.
During the last decade, Raytheon delivered more than 20,000 2nd generation FLIR sensors to the Army, Navy, Marine Corps and FMS Customers. Third Gen FLIR will offer ground troops four fields of view, dual-band infrared imaging and improved stabilization for significant improvements in range performance.
About DRS Technologies
DRS is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide and is a multiple recipient of the Defense Security Service Award for Excellence in Counterintelligence as well as three James S. Cogswell Awards for Outstanding Industrial Security Achievement. The company is a wholly owned subsidiary of Finmeccanica SpA, which employs approximately 70,000 people worldwide.
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
Lorenzo R. Cortes
+1.520.794.2920
rmspr@raytheon.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-army-awards-raytheon-drs-56-million-to-develop-next-gen-infrared-night-vision-300246071.html
SOURCE Raytheon Company
Copyright 2016 PR Newswire
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