Raytheon awarded $491 million contract for AMRAAM®
TUCSON, Ariz., Dec. 23, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is being awarded a fixed-price contract $491,478,068 for the Advanced Medium Range Air to Air Missile. The contract is for the production of the AMRAAM® missile and other AMRAAM system items, including the captive air training missile, common munitions bit/reprogramming equipment and non-developmental item airborne instrumentation unit.
The contract includes foreign military sales to Korea, Oman, Singapore and Thailand.
Work will be performed in Tucson and is expected to be completed by February 2017.
AMRAAM is a combat-proven missile that demonstrates operational flexibility in both air-to-air and surface-launch scenarios and provides today's military forces with enhanced operational capability, cost effectiveness and future growth options. Procured by 36 countries, the combat-proven AMRAAM® has been integrated on the F-15, F-16, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier, F-4 and the Joint Strike Fighter aircraft. It is also the baseline missile for the NATO-approved National Advanced Surface-to-Air Missile System.
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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 cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
SOURCE Raytheon Company