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Raytheon Receives $38 Million Air Force Order

February 11, 2010 (FinancialWire) — Raytheon Co. (NYSE: RTN) has received a $37.9 million delivery order from the U.S. Air Force to modify weapons data link equipment used in pilot training for F-15 fighter aircraft.

The company said it is the second delivery order under a 2007 indefinite-delivery, indefinite-quantity  contract awarded to Raytheon Technical Services for the Air Force Training Frequency Relocation program.

TFR is the Air Force’s initiative to modify GBU-15/AGM-130 weapons data link equipment to comply with federal reallocation of radio frequencies from governmental to commercial use.

The first delivery order, issued concurrently with the 2007 IDIQ contract award, was valued at $31.8 million and covered nonrecurring engineering work on the program.

Massachusetts-based Raytheon specializes in defense, homeland security and other government markets throughout the world.

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