Raytheon Canada Limited

Raytheon Canada Limited

August 25, 2005 13:01 ET

Raytheon selected to provide open-road tolling system in Texas

Raytheon Canada's Woodbrige Division to play key role in contract award Attention: Business/Financial Editor OTTAWA, ONTARIO --(CCNMatthews - Aug. 25, 2005) - The Texas Department of Transportation (TxDOT) and the Texas Transportation Commission today approved Raytheon Company (NYSE:RTN) as the prime contractor to develop, build and maintain open-road toll collection systems in Texas. Work on this project will be shared between the company's office in Fullerton, California and Raytheon Canada's Woodbridge division.
Now that the selection process has been completed, Raytheon and TxDOT will begin discussions aimed at executing a comprehensive development agreement. This agreement will provide all the specific terms and conditions under which Raytheon would provide the open road toll collections systems for designated project segments over five years. Raytheon will also be responsible for maintaining these toll collection systems for a period of up to eight years after each goes into operation.
Raytheon is the most experienced supplier of state-of-the-art open road,
free-flow electronic tolling systems in the world. Its systems are in operation on three continents, including the world's first all-electronic, open road toll highway in Toronto, Canada. Raytheon systems provide video tolling, transponder tolling and vehicle classification for all vehicles and allow all vehicles to use the toll road.
Raytheon's major subcontractors are Arcadis and Zachry. Arcadis is a leading global engineering service provider with $1billion in annual revenue. Zachry is a privately-owned construction and industrial maintenance service company based in San Antonio, Texas.
Raytheon Canada has 1400 employees at seven sites from coast to coast. A wholly owned subsidiary of Raytheon Company, it provides a broad range of commercial, defence and government electronics to civilian and military customers at home and abroad.
With 2004 sales of $20.2 billion, Raytheon Company is an industry leader in defence and government electronics, space, information technology, technical services, and business and special mission aircraft. Headquartered in Waltham, Mass., Raytheon employs 80,000 people worldwide.
/For further information: Website: www.raytheon.ca
/ IN: TRANSPORT

Contact Information

  • Corinne Kovalsky, Director of Public Affairs & Communications, Raytheon Canada Limited
    Primary Phone: 613-233-4121 ext. 244
    E-mail: Corinne_J_Kovalsky@Raytheon.com