04 VII 2016

Raytheon and PGZ S.A. extend their cooperation

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Polska Grupa Zbrojeniowa S.A. – Polish Armaments Group – (PGZ S.A.) and the Raytheon Co. signed a new Letter of Intent (LoI-Initial Teaming Agreement). The LoI expands the strategic partnership framework between the two companies and enables access for PGZ S.A. to the global supply chain structure of the American company. The LoI’s coming into force has as its goal the strengthening of common global cooperation and support for the implementation of technical modernization programs of the Polish Army.
zdjęcie - Raytheon and PGZ S.A. extend their cooperation

The signed LoI/Initial Teaming Agreement positions Polish industry as an important component of the Global Patriot network, and allowing for the transfer of key technologies. It also opens the door for Polish industry to participate in modernization programs for 220 sets of Patriot missiles, forming the defense system of 13 countries, which creates a strong export market. In addition, it positions Poland’s industry at the level of 50% involvement in work under the so-called WISŁĄ Program. As part of the agreement, the parties will explore the possibility of cooperation in the field of radar and missile technology development with the participation of the Polish industrial sector. For example, such areas of cooperation between Raytheon and PGZ S.A. might include work on radar subsystems for jointly produced anti-aircraft and anti-missile missile launchers along with joint development of low-cost missile technologies.

The signed LoI opens another chapter in the long and rich history of Raytheon as a company that fulfills its obligations in the field of cooperation, co-production and technology transfer, both in Europe and around the world. The letter of intent was signed at Raytheon headquarters by Arkadiusz Siwko, Chairman of the Board of PGZ S.A., Maciej Lew-Mirski, Vice President of the Board of Directors of PGZ S.A. and Thomas A. Kennedy, Chairman and CEO for Raytheon Co.

“On the basis of the signed letter of intent, Polska Grupa Zbrojeniowa S.A. begins cooperating with Raytheon and will enter as a member into the global supply network for the American partner, who is the creator and producer of the Patriot missile system. PGZ S.A. will participate in the production network of the Raytheon Co. This will constitute a new level of quality for the Polish armaments industry. This new level of cooperation will provide for the transfer of technology, as well as the participation of Polish industry in the construction of an anti-missile shield. Most important, however, is that in the course of negotiations with our American partners, we were able to achieve a 50% share in the program for PGZ S.A. for the implementation of the Patriot system. Cooperation between PGZ S.A. and the Raytheon Co. is not limited, however, only to the anti-missile shield, but covers all aspects of the defense industry,” said the Chairman of the Board of the PGZ S.A.’s Mr. Arkadiusz Siwko.

“We would like to thank PGZ S.A. and the Polish Government for extending your confidence. This cooperation will make our company more competitive. Poland is a very valuable partner to our organization. We are glad that we can cooperate with the Polish industrial sector and contribute to raising the level of Polish security,” stressed William O. Schmieder, Chairman of Raytheon Europe. “The American Co. has always been close to the idea of passing on a certain share of part of its industrial activities to its partners. However, with the advent of the current Polish Government, we realized the existence of new requirements, which differed from the requirements of the previous Government. Based on these new requirements, we provided a 50% share for the Polish defense industry,” added William O. Schmeider.

Polska Grupa Zbrojeniowa S.A. (PGZ S.A.) is a Polish industry leader and one of the largest defense companies in Europe. More than 60 companies are part of this conglomerate (defense industries, shipbuilding, new technologies), achieving annual revenues of 5 billion PLN. Thanks to recent efforts focused on the re-polonization of national technology, close cooperation with the Polish science sector and emphasis on research and development processes, PGZ S.A. offers innovative products that enhance security. PGZ S.A. offers services in the area of air defense systems (utilizing the very short range defense system POPRAD and SOŁA radar), the GROM portable anti-aircraft system, the unmanned E-310 aircraft systems, ROSOMAK wheeled armored vehicles, KRAB artillery systems from self-propelled 105 mm howitzers, and BERYL assault rifles for the infantry. PGZ S.A. also has expertise in the design, construction and equipment of warships. In addition, PGZ S.A. modernizes and maintains vehicles, planes, helicopters, warships (also armaments’ equipment from the former Soviet Union). In the coming years, PGZ S.A. will develop satellite, space technology and cyber-technology.

The Raytheon Company, whose turnover amounted to $23 billion in 2015 and has 61,000 employees worldwide, is a leader in technology and innovation, specializing in defense, security, and the civilian sector. Its history of innovation spans 94 years. It offers the latest in electronics, the integration of on-board systems and a variety of other products and services in the field of detection, effectors, command, control, communications and reconnaissance, as well as cyber-security and a wide range of mission support services to customers in more than 80 countries. The Raytheon Co. is headquartered in Waltham, Massachusetts. More information about the Raytheon Company can be obtained at www.raytheon.com and on Twitter: @raytheon and @Patriot_PL.

For additional information, please contact:

Hanna Węglewska
Spokesperson
Public Relations Director
email: hanna.weglewska@pgzsa.pl

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