South Korea Chooses Raytheon's Patriot for Air and Missile Defense Capability Up

[tigershark]

South Korea Chooses Raytheon's Patriot for Air and Missile Defense Capability Upgrade
TEWKSBURY, Mass., March 3, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has received an initial contract to provide engineering services
related to a U.S. government Foreign Military Sale of the Patriot air and
missile defense system to South Korea.

    Raytheon expects significant follow-on awards to complete the system
integration and to provide command and control, communications and
maintenance support equipment, as well as the training of Korean operators
and maintainers and technical assistance to the deployed systems.

    "There is a strong continuing demand, both domestically and
internationally, for the combat-proven Patriot system," said Joseph "Skip"
Garrett, deputy of Patriot Programs for Raytheon Integrated Defense
Systems. "Our Patriot systems will provide South Korea the capability to
defend itself from the full spectrum of air and missile threats. Raytheon
is committed to ensuring Patriot continues to provide our U.S. warfighters
and international allies with a superior, affordable and reliable air and
missile defense capability to meet current and future threats."

    Raytheon is the prime contractor to the U.S. government for this
Foreign Military Sales program, which is called SAM-X by South Korea.

    This engineering services contract calls for Raytheon to perform
preliminary planning and program development efforts for the integration of
Patriot Fire Units into South Korea's national command and control
structure.

    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 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 85
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 72,000 people worldwide.

Link
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