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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 |
MCKINNEY, Texas, Feb. 17, 2015 /PRNewswire/ -- The US Navy awarded a $15.5 million system development contract to Raytheon Company (NYSE: RTN) to develop a flexible, application-based architecture (ABA) for the P-8A Poseidon maritime patrol aircraft. The ABA will allow mission commanders to rapidly field new or enhanced capabilities through third-party software applications.
Raytheon's ABA design aligns with both the Department of Defense's "Better Buying Power Initiatives" and the Navy's move towards open system architecture.
"The goal is to use readily available technology to quickly upgrade the P-8A's warfighting capability," said Jerry Powlen, Raytheon Space and Airborne Systems' vice president of Intelligence, Surveillance and Reconnaissance Systems.
Raytheon will deliver two prototype ABA systems, leveraging unique expertise in:
"This open systems architecture can easily be used for other domestic and international customers looking to affordably enhance their airborne platforms," Powlen said.
The work will be performed in McKinney, Texas, and completed by March 2017. The contract positions Raytheon for the engineering and manufacturing development phase scheduled for 2017.
"Raytheon is uniquely qualified to bring enhanced mission capability to the Poseidon platform thanks to decades of experience and our partnership with the Navy on advanced electro-optical, infrared and RF sensors for many maritime and overland surveillance platforms," Powlen said.
Raytheon's team of open system architecture experts includes:
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil 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 cyber security 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 at @Raytheon.
Media Contact
Melissa Parker
972.952.4028
saspr@raytheon.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-navys-p-8a-poseidon-system-enhancements-add-mission-capabilities-300036521.html
SOURCE Raytheon Company
Copyright 2015 PR Newswire
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