Astrium, Raytheon sign agreement to compete for NATO contract

Astrium and Raytheon Company said on Monday that they signed a formal agreement that allows the two companies to compete for North Atlantic Treaty Organization's Ballistic Missile Defense Program contracts.

NATO's BMD program organizes the development and execution of BMD capabilities, which expanded to include European populations and territories in 2012.

"This transatlantic team has a proven, successful track record supporting national and NATO missile defense," Yannick Devouassoux, the head of Astrium Missile Defense and NATO Programmes, said. "The Astrium-Raytheon team will provide sound, innovative, and cost-effective solutions to help develop NATO's future ballistic missile defense capability."

The NATO BMD System, Engineering and Integration contract will set requirements for territorial defense, in addition to creating a command and control network for Europe.

"With more than 30 years' experience in ballistic missiles development and production, ballistic battle analysis, and threat modeling, Astrium is a leader in European missile defense," George Mavko, the missile systems director of Raytheon European Missile Defense, said. "Combined with Raytheon's decades of experience in ballistic missile defense interceptors, radars and space sensors, this partnership will provide Europe the best, most affordable missile defense protection."

The contract will award approximately $91 million over seven years.

Raytheon Company provides electronics, mission systems integration and mission support systems for defense, civil and security markets worldwide.

Astrium provides space transportation, satellite systems and services to government agencies and the private sector.