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Raytheon awarded $98 million Navy cybersecurity contract
DULLES, VA Sept. 29, 2016 Raytheon Company (NYSE: RTN) has been awarded a $98 million contract by the U.S. Navy's Space and Naval Warfare Systems Center, Pacific for cyberspace science, research, engineering and technology integration.
"Our team combines Raytheon's warfighting experience, cyber expertise and innovative systems to deliver cyber capabilities on Naval platforms on land, sea and air," said Jack Harrington, vice president of Cybersecurity and Special Missions with Raytheon's Intelligence, Information and Services business. "Raytheon's experience across warfighting systems enables our team to advise SSC PAC leaders on how to develop and integrate next generation cyber capabilities into Maritime Platforms."
This three-year contract includes one two-year option ordering period which, if exercised, would bring the potential value of this contract to $165 million. Work will be performed in San Diego and other continental U.S. and outside continental U.S. locations. Work is expected to be completed Sept. 14, 2019. No funds will be obligated at the time of award.
Raytheon is one of seven awardees of the multi-award indefinite quantity-indefinite delivery contract. This IDIQ contract vehicle covers a wide range of capabilities and services to support Department of Defense Information Network operations, Offensive Cyberspace Operations (Cyberspace Intelligence, Surveillance and Reconnaissance and Defensive Cyberspace Operations.
Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts.