FREISING, Germany, Sept. 22, 2014 /PRNewswire/ -- Raytheon
Company (NYSE: RTN) and Germany's
Lechmotoren, a company of the Jenoptik Group, signed a Letter of
Intent to cooperate in mutually beneficial business opportunities
related to Germany's air defense
architecture, as well as significant exports to global markets.
The companies will examine opportunities in current
international projects with Jenoptik state-of-the-art equipment.
Jenoptik presented a prototype of their next generation
technologies such as the new Jenoptik Patriot Hybrid Power Supply
to Raytheon and Bavarian members of parliament, which initiated
discussions about the significant fuel and maintenance cost
reductions it would result in.
"We are very proud that this long-term partnership with Raytheon
assures the ongoing success in serving international markets out of
our Bavarian site," says Stefan
Stenzel, executive vice president and head of Jenoptik
Defense & Civil Systems division.
"Jenoptik is a reputable company and we look forward to
establishing a long-term relationship with them on future
opportunities related to the TVLS program, Global Patriot and
beyond," said Doug Patrick, director
of Integrated Air and Missile Defense Supply Chain, Raytheon
Integrated Defense Systems.
With over 100 years of history and more than 800 employees in
its German subsidiaries, joint ventures and cooperative programs,
Raytheon is a firmly committed member of the German aerospace and
defense industry. Examples include:
- Raytheon Anschutz GmbH: A world technology leader for both
blue-water vessels and ships for inland waterways, both naval and
commercial.
- Raytheon Deutschland GmbH: Located in Freising, it provides
airborne electronic warfare and sensor systems and airborne radars
for the air forces of Germany and
Italy.
- Raytheon Professional Services GmbH: Located in Russelsheim, it
provides the highest standards in training for both commercial and
military customers across the European continent.
About Jenoptik
As an integrated
optoelectronics group, Jenoptik divides its activities into five
divisions: Lasers & Material Processing, Optical Systems,
Industrial Metrology, Traffic Solutions and Defense & Civil
Systems. Its customers around the world mainly include companies in
the semiconductor equipment manufacturing industry, automotive and
automotive supplier industries, medical technology, security and
defense technology as well as the aviation industry. In addition to
several major sites in Germany
Jenoptik is represented in about 80 countries worldwide and has
major production sites abroad in the USA, France
and Switzerland as well as
shareholdings in Singapore,
India, China, Korea, Japan, Australia and the
Netherlands. JENOPTIK AG is listed on the Frankfurt Stock
Exchange and included in the TecDax index. Jenoptik has approx.
3,430 employees and in 2013 generated sales of about 600 million euros.
About Raytheon
Raytheon Company, with 2013
sales of $24
billion and 63,000 employees worldwide, is a
technology and innovation leader specializing in defense, security
and civil markets throughout the world. With a history of
innovation spanning 92 years, Raytheon provides
state-of-the-art electronics, mission systems integration and other
capabilities in the areas of sensing; effects; and command,
control, communications and intelligence systems, as well
as cyber security and a broad range of mission support
services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit
us at www.raytheon.com and follow us on Twitter
@Raytheon.
Jenoptik
Contacts
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Britta Maria
Schell
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Thomas
Fritsche
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Head of
Communications and Marketing
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Head of
Investor Relations
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+49 3641
65-2255
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+49 3641
65-2291
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Britta.Schell@jenoptik.com
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Thomas.Fritsche@jenoptik.com
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Media
Contact
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Bailey
Sargent
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+1.978.858.1711
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idspr@raytheon.com
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SOURCE Raytheon Company