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News
July 2009
Effective July 1st, 2009 RAYTHEON IDS - Raytheon RFC
Raytheon RFC division begins using FASTXchange services to offload their low-dollar procurement.
September 2007
FASTXchange starts service via Exostar Source Pass for Space Airborne Systems in Forest, Miss.
Raytheon, Space Airborne Systems in Forest, Miss. begins using FASTXchange for its Production and R&D requirements. FASTXchange will provide an automated procurement service that will speed transaction time and decrease processing costs for Raytheon Company. The Forest location will serve as a test bed for the new service, which upon success will be implemented at Raytheon's California and Texas sites.
August 2007
FASTXchange receives an award and a Certificate of Appreciation for dedicated and excellent service to Raytheon's LPD program.
This program is in support of the USS San Antonio warship for the U.S. Navy.
July 2007
FASTXchange is proud to offer a "SAP Certified Integration" for its FASTXpert product enabling SAP customers to seamlessly integrate their SAP installation with our FASTXpert product.
Contact for more details.
April 2006
Raytheon Integrated Defense Systems (IDS), Andover, MA, has selected the FASTXchange automated procurement service to improve its procurement performance.
FASTXchange Inc is proud to announce that Raytheon Integrated Defense Systems (IDS), Andover, MA, has selected the FASTXchange automated procurement service to improve its procurement performance. IDS uses the FASTXchange system to speed the processing and reduce the transactional cost of both production and indirect requisitions. IDS has implemented the service at multiple sites in the Northeast and Southwest.
"Partnering with FASTX has enabled IDS to increase its ability to acquire material faster from the right suppliers with best value for the programs we support. The relationship we have developed with FASTX continues to drive positive results for IDS throughout the entire Integrated Supply Chain."
- Jay Kirk, Material Acquisition Manager - IDS Integrated Supply Chain
FASTXchange is an Internet-based procurement service which improves procurement performance by automating the routing, quoting and ordering of both production and indirect requisitions.
Integrated Defense Systems is the third division of Raytheon Corporation to enter into a multi-year agreement with FASTXchange.
May 2004
The U.S. Small Business Administration presents their "Administrator's Award for Excellence" to FASTXchange.
The award is "in recognition of outstanding contribution and service to the nation by a small business satisfying the needs of the Federal procurement system".
December 2003
Raytheon, Space and Airborne Systems nominates FASTXchange for U.S. Small Business Administration (SBA) award.
In December 2003, Raytheon's Space and Airborne Systems Business nominated FASTXchange for the Small Business Subcontractor of the Year Award. FASTXchange is Raytheon, Space and Airborne Systems' candidate for SBA's Region 9, which covers Hawaii, Guam, Arizona, Nevada and California.
July 2003
FASTXchange starts service via Exostar for Raytheon Missile Systems Company in Tucson
On 7/21, Raytheon Missile Systems Company in Tucson, AZ and FASTXchange launched a pilot for direct charge procurement via Exostar. In the pilot, FASTXchange is providing a sourcing and quoting service for all Raytheon suppliers. For Exostar suppliers, the shopping cart created on FASTXchange's site is delivered over Exostar to those suppliers for order fulfillment. For non-Exostar suppliers, FASTXchange acts as a reseller and receives orders over Exostar. The solution makes it possible for a Tucson customer to fulfill all orders over Exostar. After a short pilot, the service will be implemented first in Tucson and later at other Raytheon businesses.
May 2003
Raytheon Company invites FASTXchange to become an Exostar supplier
Starting this summer, FASTXchange will support Raytheon Company as an Exostar supplier. The service via Exostar will be offered in parallel to FASTXchange's customized web-based procurement service currently in use by several of Raytheon's businesses.
April 2003
L-3 Communications Integrated Systems turns to FASTXchange in their search for online procurement services
L-3 Integrated Systems, the most capable and dependable aircraft modernization and mission systems integration company in the world, has chosen FASTXchange's online procurement tool as their procurement solution for low-dollar procurement. L-3 Integrated Systems is recognized internationally as a systems integration organization specializing in the study, design, development, and integration of mission systems, and the modernization and maintenance of aircraft. L-3 Integrated Systems employs more than 6,000 employees organized into four major business units: Tactical Reconnaissance Systems, Airbourne Surveillance & Control Systems, Aircraft Modernization & Maintenance and Joint Operations Group.
March 2003
ATK selects FASTXchange as their online procurement tool
ATK—Alliant Techsystems—is a $2.1 billion aerospace and defense company with leading positions in propulsion, composite structures, munitions, and precision capabilities. The company has three business groups: Aerospace, Precision Systems, and Ammunition, and now they outsource online procurement to FASTXchange.
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