Raytheon Awarded Naval Power System Contract

Published on Monday, 30 January 2012 09:31 Written by TradersHuddle Staff

$10 million system will power future weapons

TEWKSBURY, Mass., Jan. 30, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $10 million contract from Naval Sea Systems Command to develop a pulsed power system that will enable projectiles to reach great distances without the use of an explosive charge or rocket motor.

The contract for the preliminary design of a Pulse Forming Network (PFN) is part of a larger effort by the U.S. Navy to develop a multimission weapon system for use on naval warships to defend and attack with pinpoint accuracy.

Under the contract, Raytheon will provide the research and development of an advanced Integrated Power Systems power load module that may be used for PFNs to power future lasers, railguns or radars.

"This new system will dramatically change how our Navy defends itself and engages enemies while at sea," said Joe Biondi, vice president of Advanced Technology for Raytheon's Integrated Defense Systems business. "We have the expertise to design and build a solution that provides our warfighters with a decisive advantage over a multitude of current and emerging threats."

The PFN is a large power system providing the electromagnetic energy for the railgun projectile, which will travel up to 220 miles in less than six minutes and exit the atmosphere before hitting its target at a velocity of 5,000 feet per second.

About Raytheon

Raytheon Company, with 2011 sales of $25 billion, 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. With headquarters in Waltham, Mass., Raytheon employs 71,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.

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SOURCE Raytheon Company