Raytheon Wins Korean Electro-Optical Tracking System Order

EL SEGUNDO, Calif., June 17 -- Raytheon Co. has been awarded a $45.5 million contract from Daewoo Heavy Industries & Machinery (DHIM) in the Republic of Korea to supply the Korean electro-optical tracking system (KEOTS) for the ROK Army's Flying Tiger vehicle.

The KEOTS is an advanced ground-to-air passive fire control system that provides the vehicle round-the-clock capability to acquire and track aerial targets such as aircraft and helicopters.

The Flying Tiger is a self-propelled anti-aircraft gun system. Raytheon's Tactical Systems business unit in El Segundo will perform the work on the contract, which includes a potential follow-on for additional systems.

"This is the first production contract following an extensive engineering, manufacturing and development phase," said Andy Zogg, director of Raytheon Surface Combat Systems.