Raytheon Team Pursue U.S. Coast Guard Fast Response Cutter-B

(Tewksbury, Mass., March 11, 2008) -- Raytheon Company (NYSE: RTN), VT Halter Marine Inc., and EG&G Technical Services have teamed to offer the U.S. Coast Guard a proven, reliable and cost-effective vessel to meet the requirements of the Fast Response Cutter-B (FRC-B) program.

VT Halter Marine Inc. is a company of VT Systems Inc., and EG&G Technical Services is a division of URS (NYSE: URS).

Raytheon brings extensive experience and proven performance in ship and electronics systems design, development and integration. VT Halter Marine offers a proven design, consistent cost and schedule performance, and the shipyard capacity to meet the gap in the U.S. Coast Guard's fleet requirements. EG&G, a premier federal services contractor, provides integrated logistics support, training and system engineering services.

"Together, this experienced team is ideally suited to deliver a comprehensive, reliable and sustainable solution to meet the needs and requirements of the FRC-B mission," said Charles "Tom" Bush, Raytheon Integrated Defense System's vice president of Seapower Capability Systems. "We believe that we will be the Coast Guard's team of choice to deliver the critical capabilities to enhance the safety, effectiveness and efficiency of its fleet."

"This team brings a formidable legacy of experience, performance and success to the FRC-B pursuit," said VT Halter Marine's Chief Executive Officer Boyd E. "Butch" King. "We would be proud to partner with the U.S. Coast Guard to design, build and deliver a solution that meets the requirements for the Fast Response Cutter."

Source : Raytheon

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