This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Raytheon Supports 40 Years Of Fleet Defense Through AEGIS System Development

CRYSTAL CITY, Va., Jan. 15, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is observing a significant program milestone, its 40th year as the U.S. Navy's provider of AN/SPY-1 radar transmitters and MK99 Fire Control Systems for the Navy's AEGIS weapon system.

Both critical components of the weapon system, the AN/SPY-1 radar and MK99 perform the search, track and missile guidance functions for AEGIS, the shield of the U.S. Navy Fleet. The company's first engineering development contract for AN/SPY-1 was awarded in 1973.

"For four decades, Raytheon has partnered with the Navy on the AEGIS program, providing the reliable performance and world-class manufacturing expertise that help protect the U.S. and its allies," said Kevin Peppe, vice president of Seapower Capability Systems for Raytheon's Integrated Defense Systems business. "As the world's leader in maritime integrated air and missile defense radars, Raytheon looks forward to continuing to support this program, advancing the legacy of AEGIS and providing our customer with the highest capability, best value solution."

Raytheon's AN/SPY-1 radar transmitter and MK99 Fire Control System have been in continuous production for 32 years as part of the Navy's AEGIS shipbuilding program, sustaining this critical system. Raytheon also provides performance-based logistics support, including spares and repairs, for AEGIS weapons systems, and the company manages system repairs in support of foreign military sales. Most recently, Raytheon has begun development efforts to introduce the latest in solid-state technologies to further improve component performance, reliability and extended service life of these systems.

Facts About Raytheon's AN/SPY-1 and MK99

  • First engineering development contract awarded in 1973.
  • First production contract awarded in 1981.
  • 108 ships equipped (17 international).
  • 140 AN/SPY-1 systems delivered.
  • 348 MK99 systems delivered.

The AN/SPY-1 and the MK99 are currently aboard the U.S. Navy's fleet of cruisers and destroyers, as well as Japanese Kongo-class destroyers, Spanish F-100-class frigates and South Korean KDX-111 King Sejong the Great-class destroyers. The AN/SPY-1 radar will also be deployed onboard the Royal Australian Navy's future Air Warfare Destroyer; Raytheon Australia serves as the combat systems integrator for AWD.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.74 -73.94 -0.43%
S&P 500 1,988.37 -5.92 -0.30%
NASDAQ 4,524.7220 -2.9670 -0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs