Note The Metrix-WAG presentation for "key stakeholders" is from 6-7.30 pm Mon 14th July at the Methodist Church "Gathering Place", St Athan centre. See below*
Shows how Raytheon want to use training as a means of expansion amd arms sales. Protest now!!! Write to your AM, MP today
……Next week's event allows Raytheon to highlight its role in the Metrix team that won a 16 billion pound ($31.5 billion) contract from the U.K. Ministry of Defense in 2007, Teel, 63, said. That work has drawn interest from North Atlantic Treaty Organization allies and from customers in the Middle East, he said.
Raytheon Says New Training Division Will Build on NASA, GM Work By Edmond Lococo
july 9 (Bloomberg) -- Raytheon Co., the defense contractor that helped train astronauts and Mr. Goodwrench mechanics, plans to capture a larger share of the $9 billion professional instruction market, a company executive said.
Raytheon, maker of the Tomahawk missile and Patriot air- defense systems, next week will open a global training division to consolidate business previously spread across the company, said Steve Teel, senior vice president for strategic initiatives. The unit will use expertise culled from working with NASA and General Motors Corp. to pursue commercial and military customers worldwide, he said.
``It was a matter of coming to the realization that training was part of our business, and that we had world-class capabilities,'' Teel said in a June 30 interview.
The company will unveil the unit at the Farnborough International Air Show near London, Teel said.
Training services added about $550 million to last year's sales, or 2.6 percent of Waltham, Massachusetts-based Raytheon's revenue. International growth will help lift training-services sales by more than 6.5 percent annually, Teel said.
The Global Training Solutions unit provides curriculum development, instructor-led training, manuals and simulators. For the National Aeronautics and Space Administration, Raytheon helps run a laboratory at the Johnson Space Center in Houston that prepares astronauts for spacewalks in a pool filled with underwater mockups. The company also helps operate a facility that features life-size models of the space shuttle and the space station interior.
`Mr. Goodwrench'
For Detroit-based GM, Raytheon has managed the Service Technical College that trains most technicians in the carmaker's Mr. Goodwrench program. The system has prepared 65,000 technicians for work at 7,000 dealerships in North America.
Raytheon redesigned training from a 98 percent instructor- based technique to one that blends Web-based methods and instruction by satellite. Customers include Pfizer Inc., the world's largest drug company, and Kia Motors Corp., South Korea's second-largest automaker, Teel said.
About 1,500 Raytheon workers are employed in training services, or 2.1 percent of the global staff.......Next week's event allows Raytheon to highlight its role in the Metrix team that won a 16 billion pound ($31.5 billion) contract from the U.K. Ministry of Defense in 2007, Teel, 63, said. That work has drawn interest from North Atlantic Treaty Organization allies and from customers in the Middle East, he said.
Raytheon has a similar training role with the Army through a $11.2 billion program that provides live and computer-based training. Raytheon competes against training-services suppliers such as International Business Machines Corp. and Accenture Ltd.
To contact the reporter on this story: Edmond Lococo in Boston at elococo@bloomberg.net.
Last Updated: July 9, 2008 00:01 EDT
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