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Raytheon lands $250 million Navy electronics contract

June 29, 2010

Raytheon Technical Services Co. LLC in Indianapolis has landed a $250 million contract from the U.S. Navy—its third one of the year.

But this one is a big one. The latest deal, disclosed Monday by the U.S. Department of Defense, will keep Raytheon engineers busy until 2014 working on software that controls electronics on the Navy’s V-22 Osprey tilt rotor aircraft.

The two earlier contracts—for $19 million and $32 million—were for making guided missile launchers and bomb racks on Navy airplanes.

The contracts have been a boon to Raytheon’s Indianapolis plant, located at 6125 E. 21st St. It shed 77 jobs there last September, leaving about 1,100 employees.

It’s not clear if the new contract will prompt Raytheon to hire more workers. A message left with Raytheon spokesman Jerry Petrie was not immediately returned.

The latest contract calls on Raytheon to develop and test software and some prototype hardware for electronics in the V-22 Ospreys.

Raytheon’s Indianapolis facility has worked on V-22 avionics for more than 20 years. In 2007, it was awarded two contracts worth nearly $28 million for similar software work.

Raytheon Technical Services is a division of Waltham, Mass.-based Raytheon Co., a massive defense and government contractor. The company employs more than 75,000 people worldwide, and pulled in revenue last year of $25 billion.

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