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Raytheon : Leonardo team withdraws from T-X competition

January 25, 2017 at 01:10 pm

MCKINNEY, Texas, Jan. 25, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Leonardo have decided not to jointly pursue the U.S. Air Force Advanced Pilot Training program, known as T-X. The companies released the following statement:

"In February 2016, Raytheon and Leonardo announced their intent to team on the T-X pursuit. While we remain confident that the T-100 is a strong solution, our companies were unable to reach a business agreement that is in the best interest of the U.S. Air Force," said B.J. Boling, Raytheon spokesperson. "Consequently, Raytheon and Leonardo will not jointly pursue the T-X competition."

About Raytheon
Raytheon Company, 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(TM) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter @Raytheon.

Media Contact
B.J. Boling
+1.682.401.0461

SASPR@Raytheon.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheonleonardo-team-withdraws-from-t-x-competition-300396654.html

SOURCE Raytheon Company

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Company Profile

Raytheon specializes in the design, manufacturing and marketing of electronic defense equipment and systems. Net sales break down by family of products and services as follows: - missile systems (29.2%): weapons systems, missiles, munitions, projectiles, etc.; - integrated air and missile defense systems (23.4%): radars systems, control and monitoring equipments, communication, information, detection and imaging systems, etc.; - aerospace systems (23.1%): radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.; - intelligence, surveillance and reconnaissance solutions and services (22.1%). The group also provides network systems (communication, surveillance, traffic control systems, etc.) and technical services (consulting, engineering, technical assistance and training services etc.); - network and information security solutions and services (2.2%). Net sales break down geographically as follows: the United States (70.6%), Middle East and North Africa (14%), Asia/Pacific (9.3%) and other (6.1%).

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