Raytheon awards Lansdale missile components contract

TEMPEDale Lillard, president of Lansdale Semiconductor Inc., signed a multi-million dollar, multi-year contract with Raytheon Co. to produce replacement electronic components for the Patriot Air and Missile Defense System. Contract order quantities were not disclosed.

Under terms of the agreement, Lansdale will manufacture custom bipolar integrated circuits flux drivers and Darlington transistors, both components of a radar system that guides the missiles. The Patriot is a ground-based air defense weapons platform, designed to engage threats at a long-range.

Raytheon awarded $140M for Joint Standoff Weapon

Raytheon Co. was awarded a $139.7 million contract for production of the Joint Standoff Weapon (JSOW) for the U.S. Navy and U.S. Air Force. Work will be performed at Raytheon's Missile Systems business in Tucson and will be completed by February 2006.

The weapon system is a joint Navy and Air Force program. It is a family of low-cost, air-to-ground weapons that employ an integrated Global Positioning System/Inertial Navigation system that guides the weapon to the target.

"JSOW was a stellar performer in Operation Iraqi Freedom and remains a vitally important capability for the foreseeable future," said Captain David Dunaway, the Navy's JSOW program manager.

Credit manager's index

shows slower growth pace

COLUMBIA, Md.The National Association of Credit Management released its Credit Manager's Index for December, showing a fall of 6.6 percent to a reading of 54.2. The index is a monthly survey of the business economy from the standpoint of credit and collections.

While December's index declined significantly from November, the reading remains well above its reading from a year ago, the association reported. The bottom line is that growth continues in the economy but at a slower pace.

A complete index is available online at www.nacm.org.