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Raytheon aligns with Precision Electronics Limited to pursue defense communications programmes

New Delhi, India, Feb. 12, 2008: Raytheon Company has signed a memorandum of understanding with Precision Electronics Limited to forge strategic alignments that jointly develop and provide superior communications technology for India's military forces.

The MOU represents another step toward establishing a strong collaborative working relationship, encouraging joint pursuit of emerging business opportunities, and providing for in-country production, offset and long-term support. This agreement will pave the way for more exchanges of communications technology and business know-how between India and Raytheon.

"This strategic alignment makes good business sense for Raytheon, PEL and our common partners as well as for India and its military forces," said Gregory Vuksich, vice president, Raytheon Network Centric Systems International Business Development. "Our Indian associates at PEL are highly respected, proven technology suppliers who bring complementary capabilities, creativity and innovation of great value to India's military forces.

"Forming these relationships is a critical aspect of Raytheon's approach to building a team committed to providing the best high technology electronics solutions for India's military."

Source: Raytheon Company