TUCSON, Ariz., July 25 /PRNewswire/ -- The U.S. Army has executed a letter
of agreement paving the way for the sale of the Javelin anti-tank weapon
system to Taiwan.
The agreement with the government of Taiwan, signed in Washington D.C.
June 22, represents the first major sale of Javelin in the Pacific region. It
is expected to result in an award to the Raytheon-Lockheed Martin Javelin
Joint Venture of approximately $39 million. This is the joint venture's fourth
international sale, which follows purchases in late 2001 by Jordan and
Lithuania and an undisclosed country.
The sale includes more than 360 missiles and 40 command launch units,
training devices, logistics support, associated equipment and training.
"Javelin ensures that the Taiwanese armed forces have the world's best
anti-tank weapon with highest soldier survivability and system lethality, at
the lowest support and life cycle cost," said Col. John Weinzettle, U.S. Army
Close Combat Missile Systems (CCMS) project manager.
"Javelin's multi-mission capabilities give infantry soldiers the means to
engage alternate targets, such as field fortifications, buildings,
helicopters, landing craft and small boats," he said.
"Javelin is ideally suited for the Taiwanese Army and we are extremely
pleased to introduce Javelin to the island nation," stated Mike Crisp,
president, Javelin Joint Venture. "With its sophisticated missile seeker and
tracker, the lightweight, one man-transportable Javelin anti-armor weapon
system has consistently demonstrated a greater than 90 percent first-time
gunner success rate."
"Javelin's long-wave infrared seeker is resistant to countermeasures and
battlefield obscurants, which is critical in combat," said Howard Weaver,
Javelin Joint Venture vice president. "Javelin is also safe to fire from
enclosures and it can be fired three times in less than 90 seconds. These
features, which no other system has demonstrated, make Javelin the best choice
for Taiwan and others in the international defense community."
Raytheon Company, which leads the joint venture, provides system
engineering management and support and produces the CLU, missile guidance
electronic unit and system software. Work is performed primarily at its
Missile Systems business unit in Tucson, Ariz., and at other Raytheon
facilities in Texas, Massachusetts and California.
Lockheed Martin provides missile engineering and production support for
the Javelin Joint Venture in Orlando, Fla., produces the missile seeker in
Ocala, Fla., and performs missile all-up-round assembly in Troy, Ala.
The Javelin medium-range, anti-tank missile system is the world's first
one man-transportable and employable fire-and-forget anti-armor missile
system. Javelin is approved for international sales through the U.S. Army's
Foreign Military Sales system and is available to meet national requirements
for next-generation anti-armor weapon systems.
With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTN) is a
global technology leader in defense, government and commercial electronics,
and business and special mission aircraft.
Headquartered in Bethesda, Md., Lockheed Martin (NYSE: LMT) is a global
enterprise principally engaged in research, design, development, manufacture
and integration of advanced-technology systems, products and services. The
corporation's core businesses are systems integration, space aeronautics and
technology services.
Contact:
Raytheon
Jennifer Spears
520.794.4182
Lockheed Martin:
Nettie Johnson
407.356.5351
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Jennifer Spears of Raytheon, +1-520-794-4182;
or Nettie Johnson of Lockheed Martin, +1-407-356-5351
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