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™ 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