Raytheon launches research competition to harness innovation
LONDON, Oct. 31, 2013
LONDON, Oct. 31, 2013 /PRNewswire/ --Raytheon UK has launched a research
competition designed to harness and foster innovation in UK Small- to
Medium-Sized Enterprises (SMEs), focused primarily on aerospace, defence,
advanced electronics and cyber security. At an event hosted by the company in
Cheltenham, the pilot scheme, with a £40,000 technological investment award,
was launched initially to address collaboration in the cyber security domain.
This has challenged a number of specialist cyber Small- to Medium-Sized
Enterprises to propose research projects to solve known, or address emerging,
cyber security risks and customer problems -- and to implement more agile
methodologies for application development. The winner of the research
competition will be selected in November.
Bob Delorge, chief executive of Raytheon UK, commented: "Raytheon believes
that building a community of Small- to Medium-Sized Enterprises to work
collaboratively is essential to delivering UK cyber projects. Raytheon UK to
date has been engaged with more than 700 suppliers across the full range of
its 200 programmes. However, the company does see the need to build a
collaborative group that can better embrace R&D and joint development in order
to get capability to market faster, both in the UK and for export."
The collaboration is ultimately geared towards having a mutually beneficial
effect for Raytheon and SMEs in terms of export opportunities, joint
development solutions, improving tools and techniques, and reducing time to
market, where innovation in cyber, for example, is a key differentiator in
countering the latest threats.
Martyn Ruks, Chief Technology Officer for MWRInfoSecurity, who attended the
launch of the cyber pilot said: "The resources and market access which larger
primes can bring to bear are considerable particularly in systems integration
and product development and when matched with the innovation and agility of
SMEs, it's not hard to see that the scheme can benefit British business and
About Raytheon UK Raytheon UK is a subsidiary of Raytheon Company. It is a
prime contractor and major supplier to the UK Ministry of Defence and has
developed strong capabilities in mission systems integration in defence,
national security and commercial markets. Raytheon UK also designs, develops
and manufactures a range of high-technology electronic systems and software at
facilities in Harlow, Glenrothes, Uxbridge, Waddington and Broughton.
About Raytheon Raytheon Company, with 2012 sales of $24 billion and 68,000
employees worldwide, is a technology and innovation leader specializing in
defence, security and civil markets throughout the world. With a history of
innovation spanning 91 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 www.raytheon.com and
follow us on Twitter @Raytheon .
Media Contact Nick West+01895-816207
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