TEWKSBURY, Mass., Oct. 10, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded two Phase 2 contracts under the Office of Naval Research's (ONR) Compact Power Conversion Technologies (CPCT) program. The program aims to deliver better fuel economy and architectural flexibility for critical mission systems on future surface ships and submarines.
"As the U.S. Navy develops the platforms and mission systems that ready our warfighters for requirements of the future, there's an increasing need to provide more efficient and more capable power systems," said Joe Biondi, vice president of Advanced Technology for Raytheon's Integrated Defense Systems business. "Our continued power technology innovation supports our customers' long-term goals and ensures warfighters can leverage the most advanced technologies possible."
Bi-Directional Power Converter and Power Management Controller
These one-year programs for a Bi-Directional Power Converter and a Power Management Controller extend Raytheon's recent success in developing next-generation power technologies for naval systems. They will help to reduce critical footprint and manning on future naval platforms.
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
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SOURCE Raytheon Company