Germany's Jenoptik Defense & Civil Systems Division Signs Cooperation Agreement With Raytheon

September 22, 2014

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Raytheon Company (NYSE: RTN) and Germany's Lechmotoren, a company of the Jenoptik Group, signed a Letter of Intent to cooperate in mutually beneficial business opportunities related to Germany's air defense architecture, as well as significant exports to global markets.

The companies will examine opportunities in current international projects with Jenoptik state-of-the-art equipment. Jenoptik presented a prototype of their next generation technologies such as the new Jenoptik Patriot Hybrid Power Supply to Raytheon and Bavarian members of parliament, which initiated discussions about the significant fuel and maintenance cost reductions it would result in.

"We are very proud that this long-term partnership with Raytheon assures the ongoing success in serving international markets out of our Bavarian site," says Stefan Stenzel, executive vice president and head of Jenoptik Defense & Civil Systems division.

"Jenoptik is a reputable company and we look forward to establishing a long-term relationship with them on future opportunities related to the TVLS program, Global Patriot and beyond," said Doug Patrick, director of Integrated Air and Missile Defense Supply Chain, Raytheon Integrated Defense Systems.

With over 100 years of history and more than 800 employees in its German subsidiaries, joint ventures and cooperative programs, Raytheon is a firmly committed member of the German aerospace and defense industry. Examples include:

• Raytheon Anschutz GmbH: A world technology leader for both blue-water vessels and ships for inland waterways, both naval and commercial.
• Raytheon Deutschland GmbH: Located in Freising, it provides airborne electronic warfare and sensor systems and airborne radars for the air forces of Germany and Italy.
• Raytheon Professional Services GmbH: Located in Russelsheim, it provides the highest standards in training for both commercial and military customers across the European continent.

Source : Raytheon Corporation (NYSE: RTN)