National Geospatial-Intelligence Agency Awards Raytheon $88.7 Million Information Assurance Services Contract Cybersecurity contract value is $30 million for the base period and $88.7 million if all option years exercised
LINTHICUM, Md., Sept. 29, 2010 /PRNewswire/ -- The National Geospatial-Intelligence Agency (NGA) has awarded Raytheon Company (NYSE: RTN) a one-year, $30 million extension for the Information Assurance Services (IAS) contract. If all option years are exercised, the total value of this extension will be $88.7 million.
Since contract inception in 2005, Raytheon has provided NGA with experienced IA professionals to respond to evolving cybersecurity attack vectors. The Raytheon IAS contract is NGA's first performance-based contract for computer network defense and provides innovative and integrated IA services at the enterprise level.
The IA Services program is staffed by more than 100 Raytheon-led IA professionals who deliver enterprise cybersecurity in seven functional areas: program management; security engineering assessments; vulnerability assessments; intrusion detection; public key infrastructure; certification and accreditation; and cybersecurity incident response by leading the NGA Computer Emergency Response Team.
"Raytheon IA Services has assembled a best-in-class team of professionals," said Steve Hawkins, vice president of Raytheon's Information Security Solutions business. "We will continue to provide NGA with the highest quality security engineering talent required to combat the sophisticated and evolving cyberthreat."
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 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 a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
SOURCE Raytheon Company