TUCSON, Ariz., Aug. 30 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has
been awarded a $212.6 million contract for low rate initial production of the
Evolved SeaSparrow Missile (ESSM). This Lot 1 and Lot 2 award includes 255
all-up-round missiles. In addition, the award includes funding for engineering
services.
"Award of this contract marks a significant milestone for the NATO
SeaSparrow Consortium. ESSM will provide a dramatic improvement in ship self-
defense for navies throughout the world," said Capt. Ken Graber, NATO
SeaSparrow Project Office program manager.
"As the next-generation ship self-defense missile, ESSM will be capable of
defeating sophisticated missile and aircraft threats," said Louise
Francesconi, Raytheon vice president and general manager of Raytheon Missile
Systems. "We look forward to producing this important weapon system for the
navies of the consortium nations."
ESSM is designed to protect Navy ships by destroying currently fielded and
near-term projected anti-ship missiles, particularly those that fly at low
altitudes and maneuver during their terminal flight phase. It includes a more
powerful rocket motor and "tail control" technology with an improved
SeaSparrow guidance section to provide a dramatically improved overall missile
performance.
ESSM is under development by Raytheon Company's Missile Systems business
unit in Tucson, Ariz., for the U.S. Navy and nine of the other 12 member
nations of the NATO SeaSparrow Consortium.
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
888-971-8122, pager
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Sara Hammond of Raytheon, +1-520-794-7810, or
+1-888-971-8122, (pager)
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