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Raytheon and Thales modify Thales Raytheon Systems joint venture structure 2016.07.02

Waltham, Mass., USA - July 01, 2016 - Raytheon Company (NYSE: RTN) and Thales (Euronext Paris: HO) have reached an agreement and concluded the transaction to transition the stakeholder positions they each hold in the Thales Raytheon Systems joint venture structure - TRS LLC US Operations and TRS SAS French Operations. The Thales Raytheon Systems joint venture has been restructured to focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System, Theatre Missile Defense, and Ballistic Missile Defense (ACCS).

Raytheon Systems Performed Strongly as the Future USS Zumwalt Completed Acceptance Trials.
Photo courtesy of Raytheon
 

Waltham, Mass., USA - July 01, 2016

• Scope to focus exclusively on NATO Air Command and Control System, Theatre and Ballistic Missile Defense

Raytheon Company (NYSE: RTN) and Thales (Euronext Paris: HO) have reached an agreement and concluded the transaction to transition the stakeholder positions they each hold in the ThalesRaytheonSystems joint venture structure – TRS LLC US Operations and TRS SAS French Operations.

Raytheon’s New Material Could Oust Silicon in the Next Generation of Chips.
Photo courtesy of Raytheon
 
The ThalesRaytheonSystems joint venture has been restructured to focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System, Theatre Missile Defense, and Ballistic Missile Defense (ACCS).

Power and precision - our capabilities are advancing to support soldiers.
Photo courtesy of Raytheon
 
Moving forward
:

• The ground-based radars and non-ACCS-related air command and control systems currently within the joint venture portfolio will transition to their parent companies.

• The former TRS LLC – US Operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions.

• The former TRS SAS – French Operations is now a wholly-owned subsidiary of Thales.

Company structure transitions are effective immediately.

On point! Soldiers can hand-launch the Pike missile with far greater precision.
Photo courtesy of Raytheon
 
As a result of the transaction, Raytheon made a cash payment to Thales in the amount of $90M and will be recording a tax free gain of approximately $150M in its second quarter financial results.


Innovations keep forces ahead of opponents who seek to narrow the overmatch gap.
Photo courtesy of Raytheon
 

About Raytheon

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions.

 
 
With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries.

Raytheon is headquartered in Waltham, Mass., USA.

http://www.raytheon.com/  


The best missile defense is built in layers.
Photo courtesy of Raytheon
 
Follow us on Twitter
.

https://twitter.com/raytheon  


Searchlights & laser beams. Discover the different ways radars scan for threats.
Photo courtesy of Raytheon
 

Investor Relations Contact
Todd Ernst

+1.781.522.5141

Media Contact
Corinne Kovalsky

+1.781.522.5899


Three radars are better than one.
Photo courtesy of Raytheon
 

SOURCE Raytheon Company

http://raytheon.mediaroom.com/index.php  



ASTROMAN Magazine - 2016.07.02

Lockheed Martin-built radar shows multi-mission performance. Q-53 Radar Demonstrates Counter-UAS Capability


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2082  


ASTROMAN Magazine - 2016.05.25

John Baird, Raytheon Integrated Defence Systems: Realizujemy z polskimi firmami program Poland Patriot


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2069  


ASTROMAN Magazine - 2016.02.02

Lockheed Martin: Wchodzimy do Polski na długo


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2017  


ASTROMAN Magazine - 2015.11.21

Lockheed Martin Introduces Next-Generation Radar Technology


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1995  


ASTROMAN Magazine - 2015.08.02

Raytheon Company appoints Wesley D. Kremer President, Integrated Defense Systems


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1944  


ASTROMAN Magazine - 2015.04.13

John Baird, Raytheon: NATO i "Pustynna burza" sprawdziły system obrony przeciwrakietowej Patriot


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1904  


ASTROMAN Magazine - 2015.03.12

TELDAT and Raytheon move to next phase of Patriot router development


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1890  


ASTROMAN Magazine - 2015.02.07

Raytheon: Novel Vision for Patriot


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1867  


ASTROMAN Magazine - 2015.01.03

First U.S. Army missile-fighting radar blimp airborne on East Coast


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1854  


ASTROMAN Magazine - 2014.12.13

Raytheon AMRAAM and NASAMS showcased in Thor's Hammer exercise


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1845  


ASTROMAN Magazine - 2014.11.08

Raytheon acquires special operations and cybersecurity firm Blackbird Technologies for USD 420 million


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1822  


ASTROMAN Magazine - 2014.09.27

Raytheon awarded $251 million Tomahawk missile contract


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1798  


ASTROMAN Magazine – 2014.07.29

Poland's TELDAT signs Letter of Intent with Raytheon


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1765  


ASTROMAN Magazine - 2014.06.19

Poland's Bumar Elektronika and Raytheon Partner to Develop New Patriot IFF Antenna


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1735  


ASTROMAN Magazine - 2014.05.17

Raytheon welcomes new CEO Thomas A. Kennedy and discuss his vision for Raytheon and industry


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1713  


ASTROMAN Magazine - 2014.01.20

Thomas Kennedy will succeed William Swanson as the Chief Executive Officer of Raytheon Company


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1643  


ASTROMAN Magazine - 2011.12.18

Raytheon Awarded $685.7 Million for New Patriot Systems for Taiwan


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1124  


ASTROMAN Magazine - 2011.03.26

Raytheon Completes Upgrade Third Early Warning Radar


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=928  


ASTROMAN Magazine - 2010.11.13

Raytheon Expands Cybersecurity Portfolio with Acquisition of Trusted Computer Solutions


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=843  


ASTROMAN Magazine - 2010.03.05

Raytheon Names William F. Kiczuk Vice President, CTO


http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=673  



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, PhD.


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