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Raytheon awarded $57.8 million Phalanx contract

Agreement includes SeaRAM manufacturing

LOUISVILLE, Ky., May 18, 2012 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a contract totaling $57.8 million to overhaul and upgrade nine Phalanx Close-In Weapon Systems, and manufacture two SeaRAM anti-ship missile defense systems. The agreement also includes the purchase of 20 radar upgrade kits.

"Raytheon tailors our ship self-defense systems to meet our customers' requirements," said Rick Nelson, vice president of Raytheon Missile Systems' Naval Weapon Systems product line. "Phalanx and SeaRAM are layered defense solutions that lead the world in scalable technology, while providing unparalleled protection."

Close-in Defense Solutions
Phalanx is a rapid-fire, computer-controlled radar and 20 mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated all other ship defense systems. More than 890 systems have been built and deployed in the navies of 25 nations.

Intended to enlarge Phalanx's keep-out range against evolving anti-ship missiles, rotary- and fixed-wing aircraft and other threats, SeaRAM uses advanced Phalanx Block 1B sensors and replaces the gun with an 11-round Rolling Airframe Missile guide. SeaRAM is aboard the USS Independence (LCS 2) and USS Coronado (LCS 4), and will soon be in the Japan Maritime Self-Defense Force.

About Raytheon
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.

Media Contact
John Eagles
+1.502.364.6768

rmspr@raytheon.com

SOURCE Raytheon Company

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