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Raytheon Gets American Navy Contract

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Raytheon Company (NYSE: RTN) said the U.S. Navy's Naval Supply Systems Command (NAVSUP) has awarded it a maximum of $104 million contract to conduct operations and maintenance for the Relocatable Over-the-Horizon Radar (ROTHR) program. According to the company, ROTHR was long-range surveillance radar used by the government in counter narco-terrorism operations.

Raytheon said its designed and built ROTHR would provide operations support, and modernization apart from the maintenance of the radar system.

The company's President of Intelligence, Information and Services (IIS), Dave Wajssgras, said "Raytheon and ROTHR technology help to make the world a safer place. Our team will work closely with the U.S. Navy's Forces Surveillance Support Center and the Joint Interagency Task Force South, tracking hundreds of illegal activities every year that threaten to enter our borders."

ROTHR was a high-frequency radar system originally designed and built to offer long-range detection, as well as tracking of aircraft and ships. Each radar provided more than 2.5 million square miles of coverage area, resulting in extremely low operational costs.

Raytheon's Mission Support and Modernization VP, Todd Probert, concluded, "Raytheon will provide critical mission support to ROTHR, collecting vital detection and tracking data for operational commanders. This new contract demonstrates trust in Raytheon to bring innovative, no-fail sustainment, modernization and operations support to the critical mission of securing our borders."

On Tuesday, the stock traded higher by 0.92 percent.

Posted-In: News Contracts


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