Tuesday, August 5, 2003
IBM & Raytheon today announced plans to co-develop custom semiconductors and systems for aerospace and defense applications.
IBM believes the agreement could account for as much as $100 million in revenue for the computer and chip company over the next five years.
The companies will combine Raytheon's expertise in defense electronics technology and IBM's efforts in chip design, software development, large systems computer architecture, and network integration.
Raytheon and IBM intend to work together to market the solutions they design.
"Aerospace and defense 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," said Pat Toole, general manager of IBM's Engineering & Technology Services unit, in a statement.
By: DocMemory
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