DULLES, Va., Jan. 9, 2015 /PRNewswire/ -- The U.S. Air
Force has awarded one of its most important space procurements,
potentially a multi-billion-dollar contract to operate, maintain,
and sustain launch ranges at Florida's Space Coast and Vandenberg Air Force
Base in California, to a joint
venture of Raytheon (NYSE: RTN) and General Dynamics.
The joint venture, called Range Generation Next (RGNext) is
responsible for operations, as well as organizational and
depot-level maintenance and sustainment for safe and effective
launch, testing, and tracking of Department of Defense, civil,
commercial, and international spacelift vehicles. It will also
support ballistic missile, guided weapon, and aeronautical tests
and evaluations.
The $1.5 billion, single-award
contract has a one-year base period with nine one-year options.
Raytheon and General Dynamics formed RGNext to pursue the
opportunity, known as the U.S. Air Force Space and Missile Systems
Center's Launch and Test Range System (LTRS) Integrated Support
(LISC) contract, supporting the U.S. Air Force Space Command.
Existing operations and maintenance at the Eastern and Western
launch ranges and the engineering and sustainment work for the
entire LTRS are being consolidated into LISC, primarily a
fixed-price-incentive firm (target) contract.
"Together, Raytheon and General Dynamics offer the U.S. Air
Force more than 40 years of operations and maintenance experience,
along with leadership across information technology domains," said
Lynn Dugle, president of Raytheon
Intelligence, Information and Services. "In this cost-sensitive
environment, LISC will deliver efficiencies and economies of scale
that could not be obtained under separate contracts. Our team is
eager to play its part in helping the customer ensure safe mission
operations."
"As part of this proven team, General Dynamics Information
Technology will leverage lessons learned and proven processes to
ensure the ranges continue as the nation's premier launch
facilities," said Dan Johnson,
president of General Dynamics Information Technology.
For more information about General Dynamics Information
Technology, please visit www.gdit.com.
More information about General Dynamics is available
at www.generaldynamics.com.
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.
Media Contacts
Raytheon
Jason Kello
+1.571.250.1877
General Dynamics
Mark Meudt
+1.703.995.4994
mark.meudt@gdit.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/raytheon-and-general-dynamics-joint-venture-awarded-us-air-force-launch-and-test-range-contract-300018229.html
SOURCE Raytheon Company