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Raytheon Awarded $212 Million Contract for Terminal High Altitude Area Defense Radar

TEWKSBURY, Mass., Feb. 15, 2007 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $212 million contract by the Missile Defense Agency for the manufacture, delivery and integration support of one Terminal High Altitude Area Defense radar, also called the AN/TPY-2 radar.

"The AN/TPY-2 radar plays a vital role in the Ballistic Missile Defense System, protecting the U.S., deployed forces and allies from ballistic missile threats," said Pete Franklin, vice president of Raytheon Integrated Defense Systems' (IDS) Missile Defense business. "This award underscores the Missile Defense Agency's confidence in Raytheon's ability to deliver affordable, advanced sensor capabilities to meet the Ballistic Missile Defense System mission."

Under the terms of the contract, Raytheon Integrated Defense Systems will manufacture one AN/TPY-2 radar. Work will be performed at Raytheon's Missile Defense Center in Woburn, Mass., and at the company's Integrated Air Defense Center in Andover, Mass.

The AN/TPY-2 is a high-power, transportable X-Band radar designed to detect, track and discriminate ballistic missile threats.

Raytheon IDS designed and built the AN/TPY-2 radar for the Ballistic Missile Defense System and the Terminal High Altitude Area Defense weapon system drawing on extensive sensor knowledge from its X-Band "Family of Radars."

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

Raytheon Company, with 2006 sales of $20.3 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs more than 80,000 people worldwide.

Note to Editors:

The AN/TPY-2 radar is being built to a common radar hardware baseline and will be utilized for forward based and THAAD Fire Unit radar needs. This contract award was originally announced by the Department of Defense Feb. 9, 2007.

Joyce Melikian

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