TUCSON, Ariz., Aug. 2 /PRNewswire-FirstCall/ --
Raytheon Company (NYSE: RTN) has been awarded a $117.7 million contract from
the U.S. Navy for STANDARD Missile-2 fiscal year 2002 production.
Under the firm fixed-price contract, Raytheon will deliver to the Navy 96
Block IIIB missiles; 58 Block IIIB ordnance alteration kits to upgrade SM-2
Block II/III missiles to the SM-2 Block IIIB configuration; 80 warhead
compatible telemeters; and spares, shipping containers and handling equipment.
The contract also includes 64 Block IIIA missiles for foreign military sales.
Work on the contract will be performed in Tucson, Ariz., (73 percent);
Andover, Mass., (23 percent); East Camden, Ark., (3 percent) and Farmington,
N.M., (1 percent), and will be complete in December 2004.
The primary role of STANDARD Missile-2 is to provide area defense against
enemy aircraft and anti-ship missiles. The SM-2 Block IIIB, which entered the
fleet in 1998, incorporates a side-mounted infrared seeker to aid in endgame
guidance. SM-2 is operational on guided missile cruisers, destroyers and
frigates in the Navy and is in operation with more than 13 allied navies.
With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft.
Contact:
Sara Hammond
520.794.7810
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Sara Hammond of Raytheon Company,
+1-520-794-7810
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