SAFT: $13 Million Contract With Raytheon to Power ITAS 

Saft's rechargeable 28 V battery systems will power the surveillance, target acquisition and fire control system for the ITAS system.

by Impact Wire Thursday, February 19, 2009
- Saft Receives $13 Million Contract From Raytheon to Power ITAS

- Lithium-ion Technology Offers High-Energy Solution for the Improved Target Acquisition System

The Raytheon Company (NYSE: RTN) has awarded Saft, a world leader in high-tech batteries, a $13 million contract to supply its rechargeable lithium-ion (Li-ion) battery systems for the Improved Target Acquisition System (ITAS). This is the second largest order Raytheon has placed for the Li-ion systems since choosing Saft as battery supplier for ITAS nearly five years ago.

Under the new contract, Saft will begin to provide the batteries to Raytheon in 2009 and will continue deliveries through 2010. Saft has already delivered more than 1,500 batteries for ITAS under previous contracts with Raytheon.

"Saft is extremely gratified to continue as a trusted supplier of reliable, high-power solutions for Raytheon's ITAS," said Jim Miller, General Manager of Saft's Space & Defense Division.

Saft's rechargeable 28 V battery systems will power the surveillance, target acquisition and fire control system for the ITAS system. Saft's high-energy VLE series cylindrical cells provide sophisticated electronic control systems and health monitoring software. Raytheon selected Saft's 28 V battery systems in 2004, to replace the previous silver-zinc technology, resulting in numerous advantages including faster recharging capabilities, increased run-time and a longer life cycle.

Saft is a leading supplier of advanced battery systems for the most demanding defense applications on land, at sea and in the air. Constructed using Saft's VL 52E cells, the maintenance-free 28 V Li-ion system can operate in extreme temperatures and provide a high energy density at a low life cycle cost. The high-power Li-ion system also includes human-to-machine interface, embedded management software and multiple safety features such as electronic protection and thermal fuses to prevent against charger fault and abuse from operating conditions.

About Saft

Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications, such as industrial infrastructure and processes, transportation, space and defence. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 4,000 employees worldwide, Saft is present in 18 countries. Its 15 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. Saft is listed in the SBF 120 index on the Paris Stock Market.

For more information, visit Saft at http://www.saftbatteries.com

Press Contacts:

Jill Ledger, Saft Corporate Communications and Institutional Relations Director, Tel: +33-1-49-93-17-77, e-mail: jill.ledger@saftbatteries.com

Yannick Duverge, FinancialDynamics Paris, Tel: +33-1-47-03-68-10, e-mail: yannick.duverge@fd.com

U.S. Press contact: Paige Parker, French/West/Vaughan, Tel: +1-919-277-1162, e-mail: pparker@fwv-us.com

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