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Raytheon's local plant lands $42M Navy order

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Raytheon Technical Services Co. in Indianapolis has scored a $42 million contract to make forward-looking infrared sensors for the U.S. Air Force’s HH-60G helicopter, the Department of Defense said late last week.

The funding will pay for 65 of the imaging-system production kits and 15 spares, the government said. Forward-looking infrared allows helicopter crews to execute their missions in low light and bad weather.

A division of massive defense and government contractor Raytheon Co. of Waltham, Mass., the 1,100-employee local operation has landed at least three other sizable military contracts this year.

In late June, it won a $250 million contract to work on software that controls electronics on the U.S. Navy’s V-22 Osprey tilt-rotor aircraft.

In March, it was awarded a $32.4 million deal to develop a bomb rack for Navy airplanes. If the Navy executes a full manufacturing contract, it could be worth another $169 million to Raytheon.

Also in March, Raytheon got an $18.9 million Navy contract to make guided missle launchers for F/A-18 Hornet fighter jets.

The military work has been a boon to Raytheon’s Indianapolis plant at 6125 E. 21st St., which shed 77 jobs last September.

Its parent company employs more than 75,000 people worldwide, pulling in revenue of $25 billion in 2009.

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  • does that mean my stock will go up?
    The dividends are fairly small at the moment.

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