$179 Million Add-On to U.K. e-Borders Contract

Active: 
yes
Country/Region/International Authority: 
Company: 
Contract Set?: 
no
Contract Amount: 
179,000,000 USD
Announcement Date: 
02/11/2008

Raytheon Company (NYSE: RTN) has signed an addendum to the e-Borders contract it won in November 2007. Under the addendum, valued at 92 million pounds Sterling (approximately $179 million), a Raytheon-led team will provide the U.K. Home Office extended functionality and services for the program.
"We are off to a strong start on the e-Borders implementation, and we are pleased with the opportunity to provide additional services to the U.K. Home Office that further strengthen the effectiveness of our border solution," said Mike Keebaugh, president of Raytheon's Intelligence and Information Systems business. "We are very committed to this program and to its mission to deliver a secure border for U.K. citizens."
Keebaugh added, "Raytheon is on the leading edge of providing technology and management solutions to address infrastructure and border protection challenges across the globe. As effective visitor management continues to be a critical issue facing nations today, we are confident this will be a significant growth area for our company."
Raytheon is the prime contractor for the e-Borders consortium "Trusted Borders" that won the original contract signed in November 2007. The other members are Serco, Accenture, Detica, QinetiQ, Capgemini, and Steria.