Home Industries Capital Goods Raytheon IDS gets $58.38M for work in Portsmouth

Raytheon IDS gets $58.38M for work in Portsmouth

PORTSMOUTH – The Pentagon has awarded Raytheon Co.’s Integrated Defense Systems division a $58.3 million contract to build spare parts for Navy helicopters, U.S. Sen. Jack Reed announced today.

Raytheon IDS will build parts for the common cockpit and multi-mode radar systems used in Navy MH-60R helicopters, said Reed, a member of the Armed Services Committee and the Appropriations Committee.

The MH-60R helicopter is used for surface-to-air combat and anti-submarine warfare.

One hundred percent of the work is to be completed at the company’s Portsmouth location. The contract – set to be completed by October of 2010 – was not awarded competitively.

Raytheon Co. (NYSE: RTN) is a $20.3 billion company providing electronics and support services to the military, homeland security and other government markets. Its Tewksbury, Mass.-based Integrated Defense Systems division concentrates on joint battlespace integration. To learn more, visit www.raytheon.com.

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