Raytheon Awarded $154.8 Million Phalanx Weapon System Overhaul and Conversion Contract

Phalax CIWS. (Foto: Raytheon)

June 23, 2009, Calgary, Alberta -- Raytheon Company (NYSE: RTN) has been awarded a $154.8 million contract from the Canadian Navy to conduct 30 sets of overhauls and convert 21 Phalanx close-in weapon systems.

The contract calls for Raytheon to convert the Phalanx Block 1B Baseline 0 to a Baseline 1 configuration and to provide repair services and spares, as well as additional engineering and technical support. The work will be performed at Raytheon Canada Limited Support Services in Calgary, Alberta.

"This is the largest contract to date for our Canadian operations," said Rick Yuse, president of Raytheon Technical Services Company LLC (RTSC). "It affirms our expertise in maintaining and converting military systems for our allies, and it further strengthens our already strong relationship with the Canadian government and its armed forces."

"This contract provides support to the system through 2017," said Wayne Iurillo, vice president of RTSC's Customized Engineering and Depot Support business unit. "The decision by the government of Canada to award this contract to Raytheon underscores its confidence in our organization, our technology and our people."


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