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| << February27, 2006 - News from Army-Guide.com |
March07, 2006 - News from Army-Guide.com >> |
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Raytheon Awarded U.S. Army Contract with Potential Value of $122 Million for TOW Weapon System Support TUCSON, Ariz., -- Raytheon Company has received a contract with five one-year options that has a total potential value of $122 million to provide engineering services for the TOW (Tube- launched, Optically tracked, Wire-Guided) weapon system family of missiles and TOW fire control systems including: ITAS (Improved Target Acquisition System), IBAS (Improved Bradley Acquisition Subsystem), T2SS (TOW 2 Subsystem), and M220 Ground TOW. "The TOW system has provided the Army with a clear advantage on the battlefield during numerous engagements against all armor vehicles, fortifications and reinforced bunkers throughout Operations Iraqi Freedom and Enduring Freedom," said Jim Riley, vice president of Raytheon Missile Systems' Land Combat product line. "This contract enables Raytheon to deliver the continued support that the Army needs to effectively deploy these systems and achieve mission success." TOW remains the Army and Marine Corps' primary heavy anti-tank/precision assault weapon deployed on more than 4,000 TOW launch platforms including the Army "Stryker," Bradley Fighting Vehicle System and HMMWV (High Mobility Multipurpose Wheeled Vehicle). Raytheon Company, with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide. Source: Raytheon Company ROSOBORONEXPORT Board Of Directors Sums Up 2005 Arms Exports Results The Rosoboronexport Board of Directors summed up results of 2005 at a meeting, convened on 15 February 2006. In 2005 Rosoboronexport exported in excess of US $5.2 billion's worth of defence products. Thus, arms and materiel exports have exceeded the all-time high in Russia's latest history for the third year in a row. The Board emphasised that the Corporation had managed to exceed the plan by almost US $1 billion by fulfilling the so-called ???short-term??™ contracts qualitatively and on time. The Corporation increased its contracts portfolio thanks to its task-oriented marketing. Just in 2005 alone the overall cost of contracts signed amounted to over US $9 billion. This will provide national defence enterprises with enough workload for the next five years. The Board pointed out that Rosoboronexport paid equal attention to both big-ticket and ???smaller??™ contracts, worth from several thousand to several million dollars, in the course of preliminary work preceding the signing of a contract. India and China remained Russia's major strategic partners in the sphere of military-technical cooperation in 2005. At the same time last year the Corporation continued expanding the scope of its arms exports. It promotes cooperation with such promising partners in South East Asia as Malaysia, Indonesia, and Vietnam. Rosoboronexport also continues securing its positions in Latin America and North Africa. The Corporation has managed to conclude a contract on delivering defence products to Morocco, for the first time in Russia's history. The 2005 arms and defence equipment sales featured a considerable increase in naval materiel exports up to over 52%, while aircraft exports accounted for about 44%. Special attention was paid to spare parts deliveries and modernisation programmes. The Corporation has established a special division to this end. The Board also discussed key issues, facing the Corporation in 2006. Source: Rosoboronexport O??™Gara-Hess was awarded $66 million contract for Procurement of M1114 O??™Gara-Hess & Eisenhardt Armoring Co., Fairfield, Ohio, was awarded on Feb. 22, 2006, a $66,005,340 modification to a firm-fixed-price contract for Procurement of M1114 Up-Armored High Mobility Multipurpose Wheeled Vehicles and Front Wheel Well Armor Protection Field Kits. Work will be performed in Fairfield, Ohio, and is expected to be completed by Nov. 30, 2007. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on April 10, 2000. The Army Tank-Automotive and Armaments Command, Warren, Mich., is the contracting activity (DAAE07-00-C-S019). Source: US DoD |
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