Raytheon to Provide Sonar to SAIC

Defense contractor Raytheon (NYSE: RTN  ) has been awarded¬†a subcontract for its fifth- generation hull-mounted sonar system from fellow defense firm SAIC (UNKNOWN: SAI.DL  ) .

The award, which Raytheon announced Tuesday, is part of the U.S. Defense Advanced Research Projects Agency's Anti-Submarine Continuous Trail Unmanned Vessel program, an initiative designed in response to the growing use of submarines by militaries worldwide.

According to Raytheon, SAIC will use the company's Modular Scalable Sonar System (MS3) as part of its experimental trimaran vessel in order to provide search, tracking, and other features, all without a human at the controls. MS3 is also designed to handle tasks such as torpedo detection and avoidance, small object avoidance, and other antisubmarine warfare activities.

Joe Biondi, Raytheon Integrated Defense Systems' vice president of advanced technology, was quoted as saying, "Historically, manned sonars were central to anti-submarine warfare missions. However, the growing number of submarines traversing the world's oceans makes this model unsustainable. ... By leveraging Raytheon's heritage in developing undersea sensors, MS3 can be configured to provide the capabilities required for ASW in an autonomous environment."

The press release did not provide a dollar figure for the subcontract.


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2310058, ~/Articles/ArticleHandler.aspx, 9/28/2016 3:16:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 6 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:01 PM
RTN $139.11 Up +0.57 +0.41%
Raytheon CAPS Rating: ****
SAI.DL $0.00 Down +0.00 +0.00%
SAIC CAPS Rating: ***