TEWKSBURY, Mass., Nov. 5, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $22.5 million U.S. Navy contract for the Ship Self-Defense System. With this award, Raytheon will continue system development, test and integration, as well as Platform Systems Engineering Agent (PSEA) services and support for fleet-deployed systems.
SSDS is an open, distributed combat management system in service on carriers and amphibious ships, including CVN, LSD dock landing ship, LPD, LHA and LHD classes. The LHA variant is nearing initial deployment, a technical refresh of the LSD-class is almost complete, and system development is underway for the new CVN 78-class of aircraft carriers. SSDS is designed to expedite the detect-to-engage sequence to defend against anti-ship cruise missiles. The system integrates and automates standalone sensors and weapon systems to provide the required, quick response and multi-target engagement capability.
"SSDS is a deployed and proven combat management system, delivering outstanding capabilities and performance as well as the reliability, refresh and the inherent interoperability benefits of an open architecture design," said Kevin Peppe, vice president of Seapower Capability Systems for Raytheon's Integrated Defense Systems business. "The evolution of SSDS -- spanning decades, ship classes, sensors and weapons systems -- demonstrates Raytheon's ability to deliver innovation in a platform-agnostic approach for all major naval surface platforms."
In addition to the contract, the Navy has announced its intent to increase the current PSEA contract ceiling by $50 million to extend SSDS services and support through its Fiscal Year 2013. Raytheon has been the SSDS PSEA since 2008, providing ongoing maintenance, upgrades and lifecycle support for both new ship programs as well as legacy ships. As PSEA, Raytheon has achieved consistently favorable customer performance ratings over the life of the contract.First Fleet Use of Open Architecture Raytheon's SSDS MK 2 is the first fleet use of open architecture computing environment hardware and software that includes selected software components from the Total Ship Computing Environment Infrastructure developed for the DDG 1000-class destroyer. The open architecture design adds a new level of flexibility and commercial standards to support the Navy's goal of open, modular and interoperable combat management systems for the fleet. With its open and modular design, SSDS can also support additional domestic and international combatants.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV