Raytheon receives $16 million contract award for miniaturized airborne GPS receivers

EL SEGUNDO, Calif., Dec. 18, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $15.8 million contract order for its MAGR 2000-S24 miniaturized airborne GPS receiver. The order, which includes new production and sustainment of existing systems, is the first under an Indefinite Delivery-Indefinite Quantity (IDIQ) contract awarded to the company in September 2013 by the U.S. Air Force Space and Missile Systems Center.

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Raytheon recently completed its 2,000th delivery of MAGR 2000 systems to the U.S. military and its allies in Europe, the Middle East and the Asia Pacific region. Flown on 20 types of fixed- and rotary-wing platforms, the MAGR 2000-S24 provides unparalleled navigation accuracy and resistance to interference and jamming. Its open architecture design allows for easy insertion of future GPS modernization enhancements, such as the new Military code signal, without having to replace the unit itself.

"With the increasingly sophisticated threats posed by potential enemy nations, our customers recognize Raytheon as the gold standard for highly secure, highly adaptable GPS receivers for the airborne military environment," said Sharon Black, director of GPS and Navigation Systems for Raytheon's Space and Airborne Systems business. "Our innovative MAGR 2000-S24 design makes future unit replacement virtually unnecessary. Capability enhancements are as simple as swapping out the electronics module card, providing a highly cost-effective path for keeping fleets up-to-date with the latest GPS technology."

The current MAGR 2000-S24 IDIQ contract extends through September 2017. The first order of 323 production units is scheduled for completion in June 2015.

About Raytheon

Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

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SOURCE Raytheon Company

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