Raytheon Awarded $15 Million Supply Chain ManagementContract At Army Depots.

Business/Defense Editors

FALLS CHURCH, Va.--(BUSINESS WIRE)--March 1, 2000

Company now provides information technology-based supply

management to U.S. Army, Navy and Marine Corps

Raytheon Company (NYSE: RTNA; RTNB) has been awarded a two-year initial contract

"Raytheon's Industrial Prime Vendor (IPV) program now provides supply chain management based on information technology to the U.S. Army, Navy and Marine Corps," said Dr. Hugo Poza, vice president of the company's Strategic Systems business unit. "Our comprehensive approach allows customers to focus their efforts on actual repair and maintenance of military vehicles and aircraft, not parts inventory and supply." The depots in Anniston and Red River are the first two Army sites to receive IPV support.

Under IPV's revolutionary system, Raytheon supplies and controls the hardware items needed to repair and upgrade military aircraft, ground vehicles and weapon systems. Using just-in-time delivery and applying advanced information technology and electronic commerce initiatives, Raytheon orders and ships parts directly to the installations as needed, eliminating most storage and obsolescence costs.

Raytheon currently provides IPV supply chain support at the Naval Air Depots at Cherry Point, N.C., and North Island, Calif., and the Marine Corps Logistics Bases at Albany, Ga., and Barstow, Calif. Program management operations reside in the company's Falls Church, Va., facility.

Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries.