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Daniel P Burnham News

30 Apr 2002

Raytheon to Lead Systems Integration for DD(x)

Raytheon Company (NYSE:RTN) won a cost plus award fee contract to be the systems integrator for the DD(X), the U.S. Navy's next-generation surface combatant ship. The contract is expected to total $1.36 billion over the next three years. Raytheon is a partner on the industry "Gold Team" that was selected by the Navy to design, develop, build, and conduct at-sea tests of Engineering Development Models (EDMs) and then apply the results of the testing to a comprehensive DD(X) ship system design. The "Gold Team" is being lead by Northrop Grumman Ship Systems. "This is a very important win for Raytheon in an area that provides great potential for growth for our company," said Daniel P. Burnham, Raytheon Company's chairman of the board and chief executive officer.

19 Aug 2002

GAO Affirms Northrop Grumman and Raytheon as DD(X) Gold Team

Northrop Grumman Corporation, leader of the DD(X) Gold Team, and Raytheon company said today that they were delighted by the decision of the General Accounting Office (GAO), which validates that an appropriate evaluation process was used when the U.S. Navy selected the Gold Team to complete the system design for the Navy's 21st century surface combatant, DD(X). "Now that this issue is behind us, we can move ahead on this transformational ship program, which is so critical to the Navy, the DoD and the nation," said Kent Kresa, Northrop Grumman chairman and chief executive officer. "We were confident in the Navy's selection process, and are grateful that the GAO so expeditiously acted in validating that the Gold Team's proposal provided the best value for the customer.