Raytheon receives $60.4M for 9 CEC systems - Brief Article

EDP Weekly's IT Monitor, Jan 12, 2004

Raytheon Company (NYSE:RTN) has received $60.4 million to develop nine Cooperative Engagement Capability (CEC) ship self-defense systems for the U.S. Navy. With the new order, Raytheon's 2003 CEC production contracts surpassed $150 million.

The order includes shipboard systems, airborne systems, airborne system retrofit kits, an installation kit and spare parts. Now under contract are 102 CEC systems, 58 of which have been delivered. CEC is a sensor networking system that helps war fighters to detect, target and kill fast-moving airborne weapons-such as cruise missiles-with extreme speed and accuracy. CEC extracts data from sensors, turns the data into meaningful information and imparts knowledge to commanders. Using CEC, they can make weapon-firing decisions with speed and confidence.

CEC systems aboard the Nimitz battle group supported recent military operations in the Middle East.

Joint Sensor Networking, St. Petersburg, Fla., leads Raytheon's CEC development. The contract will sustain approximately 150 jobs in the region, with St. Petersburg, Fla., receiving 55 percent of the work share, and Largo, Fla., receiving 33 percent. Two facilities in North Texas will share approximately 12 percent of the work.

"This award represents the United States Navy's and Congressman Bill Young's continued confidence in Raytheon for the CEC program," said Mitch Lee, vice president, Raytheon Joint Sensor Networking.

Raytheon Company, with 2002 sales of 16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs more than 76,000 people worldwide.