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Raytheon, Kongsberg to offer Naval Strike Missile for US Navy over-the-horizon requirement

Ready-now NSM meets or exceeds all mission imperatives

PARIS, June 21, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Kongsberg Gruppen will offer the Naval Strike Missile to meet the U.S. Navy's over-the-horizon requirement for its littoral combat ships and future frigates. The team will meet the U.S. Navy's June 23 proposal deadline.

NSM is a long-range, precision missile that provides superior strike capability against heavily defended land and sea targets. The proven missile features unmatched ability to penetrate modern enemy defense systems plus advanced seeker and target identification technology.

"NSM is the only missile of its class that is ready today to add critical, long-range firepower to naval ships," said Mike Jarrett, Raytheon Air Warfare Systems vice president. "NSM is proven technology that will create new jobs in America and save the United States billions of dollars in development costs."

Raytheon will produce NSM launchers, missiles and components in the United States, beginning with work in Louisville, Ky., and Tucson, Ariz. The missile program is the latest product of a longtime partnership with trusted ally Norway and its defense leader Kongsberg.

"NSM is the main weapon for Norway's new frigates and coastal corvettes, and gives today's ships the firepower they need to defeat evolving threats," said Pål Bratlie, Kongsberg executive vice president. "The missile will help fulfill the U.S. Navy's vision of ensuring freedom of access to seas around the world."

KONGSBERG (OSE-ticker: KOG) has more than 7,700 employees located in 27 countries and revenues of NOK 16.6 billion in 2015. KONGSBERG is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. For more information: www.kongsberg.com and Twitter @kongsbergasa.

About Raytheon
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

SOURCE Raytheon Company

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