Raytheon Wins ICE Contract (LMT) (NOC) (RTN)

Zacks

Raytheon Company (RTN), a leader in technology and innovation specializing in defense, homeland security and other government markets throughout the world, has received a contract from the U.S. Immigration and Customs Enforcement (ICE) to improve and modernize its investigative case management system.

Under the contract, Raytheon will deliver a system that will streamline and improve ICE agents' ability to investigate, manage, report and collaborate on law enforcement and national security efforts. The new system will replace the agency's existing legacy system.

Raytheon’s new system will be Web-enabled and will bring enhanced investigative case management features to ICE agents through various channels, including mobile devices such as tablets and smartphones. The system will offer the features required to support ICE's mission, including core case management, intelligent reporting, subject records and workflow tracking.

The modernized ICE investigative case management system will also be designed to interface with more than 100 disparate databases from across the Department of Homeland Security and other government agencies for improved information sharing, inter-agency collaboration and federated search.

While designing and implementing the modernized system, Raytheon’s focus will remain on ICE's vision, proven technologies and its experience in successfully implementing national security programs. The company will work closely with ICE technology leaders and agents to deliver a reliable, efficient system that leverages forward-leaning technology capable of evolving to meet future mission needs.

To bring out a modernized investigative system Raytheon will work with various partners including Booz-Allen Hamilton in McLean, Virginia; CSC in Falls Church, Virginia; Kurrent Logic in Chevy Chase, Maryland; Kore Federal in Falls Church, Virginia; and Blackstone Technology Group in Arlington, Virginia.

Based in Massachusetts, Raytheon Company is one of the largest aerospace and defense companies in the U.S., with a diversified line of military products, including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services. The company mainly competes with Northrop Grumman Corporation (NOC) and Lockheed Martin Corporation (LMT).

We maintain a Neutral recommendation on Raytheon Company in the long term. The quantitative Zacks # 3 Rank (short-term Hold rating) for the company indicates no clear directional pressure on the stock over the near term.

LOCKHEED MARTIN (LMT): Free Stock Analysis Report

NORTHROP GRUMMN (NOC): Free Stock Analysis Report

RAYTHEON CO (RTN): Free Stock Analysis Report

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply