U.S. Army Awards Raytheon Nearly $43 Million Delivery Order for Common Sensor Payload
MCKINNEY, Texas, Nov. 29, 2010 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $42.9 million delivery order for 57 Common Sensor Payload electro-optical and infrared sensor systems. The order is part of a contract awarded by the U.S. Army in November 2007, with options worth up to $1.2 billion.
The systems will actively support U.S. troops engaged in Operation Enduring Freedom and Operation Iraqi Freedom as they work to maintain stable civil environments. The sensor helps security forces on the ground recognize threats early and respond quickly and accurately.
"The Common Sensor Payload is a high-performance, cost-effective solution for the U.S. Army, providing soldiers with accurate targeting, high-resolution and full-motion video," said Tim Carey, vice president, Intelligence, Surveillance and Reconnaissance Systems. "This sensor can be employed on a variety of aircraft, allowing soldiers to accurately assess threats and effectively engage targets."
Since winning the initial development contract, Raytheon has delivered 28 system development and demonstration units to the U.S. Army. The day and night imaging sensor is designed for installation on numerous platforms, including manned, unmanned, and rotary- and fixed-wing aircraft. It passed Milestone C review (conducted by the U.S. Defense Acquisition System's Milestone Decision Authority) in June 2010, enabling the program to move into the low rate initial production manufacturing phase.
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.
Thais C. Conway
SOURCE Raytheon Company
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