TUCSON, Ariz., May 30 /PRNewswire/ -- Raytheon Company (NYSE: RTNA, RTNB)
has been awarded a $118 million contract by the U.S. Naval Sea Systems Command
for STANDARD Missile-2 fiscal 2000 production.
Under the firm fixed-priced contract, Raytheon will deliver to the U.S.
Navy 75 Block IIIB missiles, 74 ordnance alteration kits to upgrade SM-2 Block
II/III missiles to the SM-2 Block IIIB configuration, and 142 telemetric data
transmitting sets. The contract also includes 89 Block III and IIIA missiles
for foreign military sales. Deliveries will take place over the next two
years. The missiles will be installed on ships with vertical launching
systems.
The STANDARD Missile-2's primary role is to provide area defense against
enemy aircraft and anti-ship missiles. The SM-2 Block IIIB is the latest
version to enter the fleet, and incorporates a side-mounted infrared seeker to
aid in endgame guidance. The STANDARD Missile is operational on guided missile
cruisers, destroyers and frigates in the U.S. Navy and is in operation with
more than 13 allied navies.
The majority of the work will be performed in Raytheon's Tucson, Ariz.,
facility.
Raytheon Company, based in Lexington, Mass., is a global technology leader
that provides products and services in the areas of commercial and defense
electronics, and business and special mission aircraft. Raytheon has
operations throughout the United States and serves customers in more than 80
countries.
Contact:
Colleen Niccum
520.794.8565
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Colleen Niccum of Raytheon Company,
520-794-8565
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