Raytheon Receives $582.5 Million for Radars and Services in THAAD Deal to UAE

TEWKSBURY, Mass., Dec. 30, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will provide AN/TPY-2 radars, associated spares, training and other services through 2018 to the United Arab Emirates (UAE) as the radar component to the Terminal High Altitude Area Defense (THAAD) missile defense system. This $582.5 million contract for the radars is part of the first sale of THAAD missile systems to an international customer.

"The AN/TPY-2 radar will provide the UAE with unprecedented surveillance and defensive capabilities," said Dave Gulla, vice president for Global Integrated Sensors at Raytheon Integrated Defense Systems. "With this contract, the UAE becomes the first international customer to acquire the world's most advanced mobile radar, which better positions the Emirates to defend itself from threats."

The AN/TPY-2, Raytheon's mobile, solid-state, phased array X-band radar, is being provided to the UAE through the Missile Defense Agency (MDA) as a Foreign Military Sale under the Arms Export Control Act.

The radar searches, detects, tracks and discriminates threats from non-threats, and then delivers data to the THAAD's fire control and communications element for engagement.

Lockheed Martin is prime contractor for THAAD. In addition to providing the radar, Raytheon collaborated in developing the Fire Control and Communications shelter, communications software, engineering, and testing support. 

Work on the AN/TPY-2 radars for this contract will be performed at Raytheon facilities in Massachusetts and by suppliers in 33 states.

About Raytheon
Raytheon Company, with 2010 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 89 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. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.

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SOURCE Raytheon Company

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