Raytheon to supply advanced radar for U.S. F-15E
Fri Nov 2, 2007 1:09pm EDT
WASHINGTON, Nov 2 (Reuters) - Raytheon Co (RTN.N: Quote, Profile, Research) beat Northrop Grumman Corp (NOC.N: Quote, Profile, Research) in a competition to supply advanced radar capabilities to the U.S. Air Force's Boeing Co (BA.N: Quote, Profile, Research) F-15E fighter fleet.
Raytheon executives said Friday they had been asked by Boeing to withhold a potential value for the deal pending further discussions.
But, responding to questions in a teleconference, they left the impression it could be worth hundreds of millions of dollars over 10 years or so, including options for retrofit of the fleet's 224 F-15E Strike Eagle multi-role aircraft.
"I wouldn't say that. But I wouldn't argue with you" over the potential hundreds of millions of dollars, said Mike Henchey, a business development director in Raytheon's Space and Airborne Systems business unit.
The development program for a new F-15E active electronically scanned array, or AESA, radar is expected to start next year, Boeing said in announcing the selection Thursday night.
It said it picked Raytheon after a "rigorous" competition with Northrop, which formally opened this week a new $14 million facility in Linthicum, Maryland, for testing radars.
At an opening ceremony, Ronald Sugar, Northrop's chief executive, voiced hope that the new complex would help the company vie for new large-scale military sensors.
Boeing and Raytheon are already working together on similar AESA radar for Boeing's F/A-18 SuperHornet aircraft.
The equipment features an extremely fast scanning rate and greatly expanded range and is capable of tracking and engaging many more targets with a low probability of intercept. (Reporting by Jim Wolf, editing by Gerald E. McCormick)