Company can sell system to the U.S. government for far less than $100
thousand a unit
TUCSON, Ariz., Sept. 16, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) will soon complete a major cost reduction initiative for the
High-Speed Anti-Radiation Missile (HARM) Destruction of enemy air defense
Attack Module (HDAM).
HDAM is an upgrade kit that converts the combat-proven HARM into a
long-range, supersonic, precision-strike weapon for non-radiating targets.
It upgrades HARM from a suppression of enemy air defense weapon into a
destruction of enemy air defense weapon.
"With our cost-reduction measures, we can sell HDAM to the U.S.
government for far less than $100 thousand a unit in 2008 dollars," said
Jeff Wadsworth, Raytheon Missile System's HARM program director. "Other
upgrade kits are projected to cost several hundred thousand dollars a unit.
In today's fiscally constrained environment, the warfighter deserves the
capability and value HDAM brings to the table."
Raytheon completed HDAM flight testing in 2006. HDAM adds an inertial
navigation system and GPS to HARM. These enhancements greatly improve the
missile's effectiveness and eliminate the possibility of fratricide.
"HDAM gives the warfighter the ability to rapidly strike distant
targets with pinpoint accuracy, enabling the warfighter to accomplish the
mission and return home safely," said Harry Schulte, vice president of
Raytheon Missile System's Air Warfare Systems' product line.
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.
Contact:
Mike Nachshen
520.794.4088 - office
520.269.5697 - mobile
Michael_nachshen@raytheon.com
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Mike Nachshen of Raytheon Company,
+1-520-794-4088 (office), or +1-520-269-5697 (mobile),
Michael_nachshen@raytheon.com
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