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Defense News: Raytheon, Army to Modernize Old Equipment Under Procurement Strategy

Defense News: Raytheon, Army to Modernize Old Equipment Under Procurement Strategy - top government contractors - best government contracting event

Patton tanksRaytheon will work with the U.S. Army to modify the service branch’s 1960s-era Patton tanks as part of a procurement formula to modernize old models of equipment, Defense News reported Sunday.

Jen Judson writes Raytheon will work to sustain and update old equipment in an effort to help the Army meet modern requirements and cut acquisition costs.

Todd Probert, a vice president at Raytheon, told Defense News in an interview the company’s “modernization through sustainment” strategy aims to help the country address budget challenges faced in today’s environment.

Judson reports the total amount for the modernization that includes a GPS-coordinated fire control system, added horsepower and new electronic systems in place of hydraulics would cost one-third the price of a new tank.

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