Raytheon Awarded $76.2 M to Provide Mission Support for RAID System

(Tewksbury, Mass., June 23, 2008) -- Raytheon Company (NYSE: RTN) has been awarded a $76.2 million U.S. Army contract to provide mission sustainment and support for the Rapid Aerostat Initial Deployment systems that protect U.S. and coalition forces in Operations Enduring Freedom and Iraqi Freedom.

Raytheon first developed RAID to meet the military's increasingly critical need for persistent surveillance in Operations Enduring Freedom and Iraqi Freedom. RAID consists of infrared sensor systems elevated on a stationary platform. This capability enables U.S. and coalition forces to respond rapidly to threatening situations.

"Critical systems such as RAID must work first time, every time to be effective," said Pete Franklin, vice president of National & Theater Security Programs for Raytheon Integrated Defense Systems. "This award enables Raytheon to continue providing unparalleled support to our warfighters and reinforces an unwavering commitment to ensuring the highest operational readiness for our soldiers and Marines."

Source : Raytheon

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