July 16, 2010
LONDON, - Raytheon Company (NYSE: RTN) and Serco Limited (Serco) have teamed to provide a low-risk, cost-effective solution for the U.K. Ministry of Defence (MOD) Joint Military Air Traffic Services program.
Known as Project Marshall, JMATS is a managed service program spanning 22 years, which requires the delivery and management of network-based services, applications, equipment and training in MOD military airfields and for deployed operations.
"Raytheon and Serco's managed service partnership draws on the strengths of both companies," said Richard Daniel, senior director for Raytheon Systems Limited. "Collectively, we have expertise across the entire JMATS requirement and the ability to deliver services safely, rapidly and cost effectively."
"Serco's core business is to provide services underpinned by the right combination of people, processes and technology," said Andrew White, chief executive of Serco's defense business. "That approach, together with our joint track record of supporting defense aviation, makes the Raytheon-Serco team a strong contender to deliver the MOD's objectives for JMATS."
Raytheon is the largest incumbent supplier of air traffic management equipment to the MOD and the only U.K.-based radar manufacturer and supplier of radar systems to both the MOD and the National Air Traffic Services. It is currently performing all ATC training for the U.S. Federal Aviation Administration's Air Traffic Control Optimum Training Solutions program, a 10-year, performance-based training contract.
Serco is the largest non-state supplier of air traffic control services in the world and also provides operations, training and support services at many large international airports and on a number of MOD airfields.
Filed under: Acquisitions, England, Serco, SI International, U.S. Air Force
Serco, a large service provider from the UK with worldwide operations, announced that it had purchased the US defense contractor, SI International. The $400 M deal expands Serco into the US defense market and represents another broadening of their market base. This continues the trend of European companies buying US ones in order to reach the large DoD budget here. By buying a US company many of the technology transfer and security requirements that impact foreign companies doing business can be minimized. SI International has 4,500 employees and primarily supports the US Air Force, an area that Serco does not do much business with.
The Guardian has the story here.