May 5, 2009 (FinancialWire) — The U.S. Department of Defense has awarded Raytheon Co. (NYSE: RTN) an information assurance and network operations contract worth up to $138 million.

The contract guarantees Raytheon $23.2 million for one year. Four options could extend the contract to five years for a potential $138 million.

Under the contract, Raytheon will design, transition and operate a secure voice, video and data-information sharing and collaboration environment for U.S. and coalition forces.

In a statement, Raytheon officials said that its multinational information sharing solution provides U.S. and coalition forces the ability to share information across “a flexible and secure environment.”

The system connects disparate networks into a single, integrated network that enables compartmented, multilevel information sharing.

Waltham, Massachusetts-based Raytheon focuses on defense, homeland security and other government markets. The company provides electronics, mission systems integration and other capabilities in the areas of sensing, effects, command, control, communications and intelligence systems, as well as a range of mission support services.

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