MCKINNEY, Texas, April 19, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has contracted renewable energy from a landfill electricity-generation project in McKinney, Texas, as part of the company's commitment to sustain the environment.
Raytheon is acquiring the power through Noble Americas Energy Solutions LLC from Montauk Energy's McKinney landfill gas-to-energy facility. The landfill is part of the North Texas Municipal Water District.
"Five Raytheon north Texas sites will benefit from the green power supplied by the project," said Mike Allgeier, vice president, Raytheon Network Centric Systems, and Raytheon north Texas regional site executive. "This reflects our corporate responsibility and is just one example of Raytheon's sustainability efforts to engage with the community to conserve energy and natural resources."
Raytheon will receive Green-e certified renewable energy credits as part of this agreement. The contract also supports the company's 2015 goal to reduce its greenhouse gases by 10 percent from a 2008 baseline.
Methane gas, a natural by-product of landfill decomposition, will power generators to commercially supply electricity. The landfill project broke ground December 2010 and is on track to provide Raytheon north Texas sites with green power by the second half of this year.
Raytheon Company, with 2010 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 89 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 72,000 people worldwide.
Contact: Dave Desilets 972.952.2239
SOURCE Raytheon Company