ALBANY, Ga., June 6, 2016 /PRNewswire/ -- The U.S. Marine
Corps Logistics Command has awarded Raytheon Company (NYSE: RTN) up
to $249 million with options over
five years for work on the Secondary Reparable, or SECREP program,
rebuilding vehicle parts such as engines, transmissions and
electronics. The Marine Corps takes delivery of the items at
approximately half the price of buying new. The savings can be
re-invested into Marine Corps logistics, helping to ensure the
readiness of mission-essential vehicles.
"Raytheon sustainment helps maximize the readiness for
warfighters deployed around the globe," said Dave Wajsgras, president of Raytheon
Intelligence, Information and Services (IIS). "Our innovative
processes help to ensure customers are ready to operate anywhere,
with the right equipment at the right time."
Raytheon has helped the Marine Corps realize millions in cost
underruns through sustainment programs, which were made available
for reinvestment. Raytheon's 98 percent on-time delivery of these
mission critical components has resulted in significant cost
efficiencies.
"Raytheon finds creative approaches to solutions to enable more
mission at less cost," said Todd
Probert, vice president of Mission Support and Modernization
at Raytheon IIS. "We are a proven, low-risk sustainment partner of
choice as military procurement shifts from buying new platforms and
vehicles to maintaining and adding capabilities to existing
equipment."
This contract covers approximately 1,000 different items
serviced by a network of original equipment manufacturers, military
depots and small business suppliers. On this previous program
Raytheon passed approximately 60 percent of revenues to small
businesses, supporting American entrepreneurs while guaranteeing an
effective supply chain for the U.S. Marine Corps Logistics
Command.
About Raytheon
Raytheon Company (NYSE: RTN), with 2015 sales of $23 billion and 61,000 employees, is a technology
and innovation leader specializing in defense, civil government and
cybersecurity solutions. With a history of innovation spanning 94
years, Raytheon provides state-of-the-art electronics, mission
systems integration, C5I™ products and services,
sensing, effects, and mission support for customers in more than 80
countries. Raytheon is headquartered in Waltham, Mass. Visit us at www.raytheon.com
and follow us on Twitter @Raytheon.
This document does not contain technology or Technical Data
controlled under either the U.S. International Traffic in Arms
Regulations or the U.S. Export Administration Regulations.
E16-G46X.
Media Contact
Raytheon
Rachael
Duffy
571-250-1517
Rachael.L.Duffy@raytheon.com
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SOURCE Raytheon Company