TUCSON, Ariz., Aug. 4, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) was awarded a $31.6 million U.S. Air Force competitive contract for
Paveway II laser guided bomb components for fiscal year 2008.
Raytheon will provide the Air Force with LGB computer control groups
and air foil groups that transform "dumb" bombs into precision guided
munitions. Raytheon received the maximum award possible for the computer
control group portion of the contract.
"Raytheon, which is the sole provider of the Paveway family of weapons,
has proudly earned the majority share of Paveway II competitive awards for
three consecutive years," said Ricky Freibert, Raytheon's Paveway program
director. "This important win for Raytheon further demonstrates the
company's unwavering commitment to meet or exceed the warfighter's need for
cost-effective solutions."
Contract work will occur at Raytheon facilities in Dallas, Tucson,
Ariz., and the Navajo Agricultural Product Industry Industrial Park near
Farmington, N.M.
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.
Note to Editors:
The Paveway LGB system features an onboard guidance system called the
computer control group, which guides the unit to a target illuminated by an
external laser source.
During Raytheon's 35 years of LGB development and manufacturing, the
company has delivered more than 250,000 Paveway II weapons to the U.S. and
more than 35 allied nations for use on 25 different aircraft.
Contact:
Mike Nachshen
520.794.4088 - office
520.269.5697 - mobile
Michael_nachshen@raytheon.com
SOURCE Raytheon Company
 back to top
Related links:
http://www.raytheon.com
CONTACT:
Mike Nachshen of Raytheon Company,
+1-520-794-4088, +1-520-269-5697 mobile,
Michael_nachshen@raytheon.com
|
