Canberra – 17 November 2011: Raytheon Australia was the recipient of a significant award from the Australian Institute of Project Management (AIPM) at the Institute’s National Project Management Achievement Awards held in Brisbane last month.

The company’s Avionics Business Unit F-111 project team took out the national award in the Defence/Aerospace category for their work supporting the Royal Australian Air Force’s F-111 fighter bomber.

From 2003 until withdrawal of the aircraft from service in December last year, Raytheon Australia was responsible for providing the maintenance, engineering and logistical support for all of the aircraft’s avionics instruments, including radars and digital flight computers. The outstanding success of the project can be measured in improvements made to F-111 avionics availability, platform sustainability, and innovation in project management that generated savings for Raytheon Australia’s Defence customer of approximately $20 million.

Raytheon Australia’s Managing Director, Mr Michael Ward, paid tribute to his team’s success. “This award is a great recognition of our F-111 team who has delivered tremendous results in supporting Australia’s national strategic strike capability over some eight years. The award also reflects very well on the project management capabilities within Raytheon that span all domains. Added to our systems engineering capabilities as well as our tools, processes and customer relationships, this project management expertise is one of the key assets we offer to our customers.”

The award was presented in a ceremony that coincided with the International Project Management Association 25th World Congress which was hosted by AIPM. Raytheon Australia’s national award followed its success as the Queensland state winner of the Institute’s Defence/Aerospace category.

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Raytheon Company (NYSE: RTN), with 2010 sales of $25 billion, is a technology and innovation leader specialising in defence, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

Further Information:
Gerry Wheeler
+61 439 501 327
gerard.wheeler@raytheon.com.au