US Navy awards Raytheon $169 million for DDG 1000 program

          US Navy awards Raytheon $169 million for DDG 1000 program

PR Newswire

TEWKSBURY, Mass., Dec. 31, 2012

TEWKSBURY, Mass., Dec. 31, 2012 /PRNewswire/ --Raytheon Company (NYSE: RTN)
is being awarded a not-to-exceed $169 million modification to previously
awarded fixed-price incentive, cost-plus-fixed-fee contract for deferred
mission systems equipment for DDG 1000 and DDG 1001, scheduled critical DDG
1002 non-hatchable mission systems equipment, and non-recurring engineering
applicable to mission system equipment design and development. The Naval Sea
Systems Command, Washington, D.C., is the contracting activity.

The contract was announced by the Department of Defense on Dec. 28, 2012, and
was awarded in Raytheon's fourth quarter.

About Raytheon
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 90 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. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at and follow us on Twitter @raytheon.

Media Contact
Carolyn Beaudry

SOURCE Raytheon Company
Press spacebar to pause and continue. Press esc to stop.