via Washington Technology
Despite the sputtering economy and the uncertainties of the federal marketplace, Raytheon Co. had a busy — and profitable — year in 2010.
The company reported 2010 net sales of $25.2 billion and won about a half-dozen large federal contracts, achieving one of the highest competitive win rates in Raytheon history.
In addition, the government contractor acquired Technology Associates and Trusted Computer Solutions (TCS) to strengthen the cyber capabilities of Raytheon’s Intelligence and Information Systems (IIS) unit.
Those activities helped land Raytheon at No. 4 on the 2011 Top 100 list of the largest federal government contractors, with $6.2 billion in prime contracting revenue for fiscal 2010.
Among the company’s major wins, IIS captured the Air Force’s initial $886 million contract to develop the first two deliverables of the Advanced Control Segment of the Global Positioning System, known as GPS OCX.
“2010 for us was really [about] going after very large must-wins for the business,” said Lynn Dugle, company vice president and president of Raytheon IIS in Garland, Texas, citing the Air Force contract as a key win.