Raytheon/Leonardo Team Withdraws from T-X Competition

Leonardo Press Release

(Source: Leonardo; issued Jan 25, 2017)

“In February 2016, Raytheon and Leonardo announced their intent to team on the T-X pursuit. While they remain confident that the T-100 is a strong solution, the companies were unable to reach a business agreement” said Filippo Bagnato, Leonardo Head of Aircraft Division. “Consequently, Raytheon and Leonardo will not jointly pursue the T-X competition.”

Leonardo is evaluating how to leverage on the strong capabilities and potential of the T-100, in the best interest of the U.S. Air Force.

Leonardo is among the top ten global players in Aerospace, Defence and Security and Italy’s main industrial company. As a single entity from January 2016, organised into seven business divisions (Helicopters; Aircraft; Aero-structures; Airborne & Space Systems; Land & Naval Defence Electronics; Defence Systems; Security & Information Systems), Leonardo operates in the most competitive international. At 31 December 2015 Leonardo recorded consolidated revenues of 13 billion Euros and has a significant industrial presence in Italy, the UK and the U.S.

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Raytheon/Leonardo Team Withdraws from T-X Competition

(Source: Raytheon Co.; issued Jan. 25, 2017)

MCKINNEY, Texas --- Raytheon Company and Leonardo have decided not to jointly pursue the U.S. Air Force Advanced Pilot Training program, known as T-X.

The companies released the following statement:

"In February 2016, Raytheon and Leonardo announced their intent to team on the T-X pursuit. While we remain confident that the T-100 is a strong solution, our companies were unable to reach a business agreement that is in the best interest of the U.S. Air Force," said B.J. Boling, Raytheon spokesperson. "Consequently, Raytheon and Leonardo will not jointly pursue the T-X competition."

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. Raytheon is headquartered in Waltham, Massachusetts.

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