TUCSON, Ariz., July 29, 2008 /PRNewswire/ -- The Raytheon Company
(NYSE: RTN)-Lockheed Martin (NYSE: LMT) Javelin Joint Venture received a
$115 million U.S. government contract to produce the Javelin anti-tank
missile and command launch unit for the United Arab Emirates and Oman.
Javelin is the world's first man-portable and employable
fire-and-forget medium-range missile system. The compact, lightweight
missile is ideally suited for one-soldier operations in all environments.
The joint venture expects to deliver Javelin to the UAE and Oman in the
next 18 months.
"The Javelin is a combat-proven weapon system effective against all
known armor," said Duane Gooden, Raytheon Missile Systems' Javelin program
director and president of the Javelin Joint Venture. "It also serves as an
all-weather, day and night surveillance device."
The Javelin enhances direct fire capability against armored vehicles,
buildings and field fortifications. Its anti-armor defense capabilities are
critical to mission success in the open desert. Javelin is currently in
service with the U.S. Army, U.S. Marine Corps and 10 allied customers.
"Because the Javelin automatically guides itself to the target after
launch, the missile system allows the gunner to either take cover and avoid
counterfire or engage another threat," said Hady Mourad, Lockheed Martin's
vice president of the Javelin Joint Venture.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000
people worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. The Corporation reported 2007
sales of $41.9 billion.
Contacts:
Lockheed Martin Raytheon
Heather Kelly Heather Uberuaga
407.356.5351 520.665.5594
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
http://www.lockheedmartin.com
CONTACT:
Heather Kelly, Lockheed Martin,
+1-407-356-5351; or Heather Uberuaga, Raytheon, +1-520-665-5594
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