Raytheon and IBM form semiconductor alliance
Raytheon and IBM today announced plans to work together to design custom semiconductors and systems for customers in the aerospace and defence industry.
The two companies have formed a strategic relationship that brings together Raytheon's experience in defence electronics technology and aerospace and defence, and IBM's leadership in areas such as chip design, software development, large systems computer architecture and network integration.
Raytheon and IBM intend to work together to market the solutions they design.
'This powerful relationship will draw on the two companies' vast engineering and manufacturing experience, worldwide technical leadership and expertise, and an in-depth knowledge of industry needs to deliver innovative, cost-effective mission solutions to our customers,' stated Greg Shelton, corporate vice president of engineering, technology, manufacturing and quality, Raytheon Company.
'Aerospace and defence are becoming increasingly reliant on the ability to integrate advanced technology into so-called commercial-off-the-shelf products (COTS) and we have a great deal of experience and success in this area. Now, combining many of our skills, our goal will be to deliver designs even quicker, giving our customers a competitive advantage,' said Pat Toole, general manager, Engineering & Technology Services, IBM Technology Group.
Both companies believe that working co-operatively on existing and new programs will provide their customers with the best solutions, improve performance, and provide a foundation for future business. The contract could be worth up to $100 million to IBM over five years.
The two companies are creating a project office to respond to customer needs and oversee potential joint projects and contractual engagements.