Raytheon (NYSE: RTN) Awarded up to $138 Million for Information Assurance and Network Operations

Raytheon (NYSE: RTN) Awarded up to $138 Million for Information Assurance and Network Operations

FALLS CHURCH, Va., May 5, 2009 - The Defense Information Systems Agency of the Department of Defense awarded Raytheon Company (NYSE: RTN) an information assurance and network operations contract worth up to $138 million.

The contract guarantees Raytheon $23.2 million for one year. Four options could extend the contract to five years for a potential $138 million.Under the Multinational Information Sharing contract, Raytheon will design, transition and operate a secure voice, video and data-information sharing and collaboration environment for U.S. and coalition forces.

Raytheon's multinational information sharing solution provides U.S. and coalition forces the ability to share information across a flexible and secure environment. The system connects disparate networks into a single, integrated network that enables compartmented, multilevel information sharing.

"Using commercial off-the-shelf products, Raytheon created a system that reduces waste and redundancy and speeds access to information. Actions that once took hours or days to be completed can happen in a matter of seconds," said Andy Zogg, vice president, Raytheon Network Centric Systems' Command and Control Systems. "That kind of efficient, open architecture system results from Raytheon's years as an industry leader in systems integration and international information sharing solutions."

The Raytheon team will also enhance, consolidate and sustain existing multinational information sharing networks while developing the new system.

Raytheon Company, with 2008 sales of $23.2 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 87 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 73,000 people worldwide.
Contact: MB Hodgkiss 508.490.2607 SOURCE Raytheon Company





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