LONDON, June 25 (UPI) -- Raytheon U.K. and Denmark's Falck Schmidt Defense Systems are to jointly explore business opportunities in defense power sub-systems and platform integration.
The collaboration comes under a collaborative marketing agreement in which Raytheon brings its capabilities in the design, manufacture, test and supply of integrated power solutions and Falck Schmidt leverages its integration and auxiliary power systems expertise to enhance them.
"This collaborative agreement enhances Raytheon's ability to design solutions and strategically partner in the next-generation power market by growing our capability through teaming with recognized and reputable leaders in their field like Falck Schmidt," said Stephen Doran, managing director of Raytheon's Power and Control business.
"Raytheon is investing considerably to develop its advanced power products, leveraging our credentials in military and space-grade design, manufacture and supply chain to solve customers' demanding, platform size, weight and power density challenges. Our alignment with Falck Schmidt will enable us to continue to offer customers a 'one-stop' approach to ensure our clients can take mission system electronics to market simpler, safer and swifter."
Raytheon said defense market areas in both the United States and Europe will be explored under the partnership. Additional details, however, were not disclosed.