TUCSON, Ariz., Jan. 9, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received a $30.2 million contract from Rafael Advanced Defense Systems for continued development of the Stunner interceptor. Stunner is an advanced, multi-mission, multi-platform interceptor designed for integration into current and planned air and missile defense systems.

"The Stunner interceptor redefines the performance/cost value equation for terminal missile defense," said Mike Booen, vice president of Advanced Security and Directed Energy Systems for Raytheon Missile Systems. "Stunner will provide all weather, hit-to-kill performance at a tactical missile price."

Raytheon will use the funding for fabrication of the missile's subsystem hardware including safety devices and guidance electronics. The new contract will also fund flight tests and low-rate initial production of the Stunner interceptor.

"The Stunner program is an excellent example of how Raytheon partners globally," added Booen. "The interceptor will be deployed initially in Israel and will eventually provide a missile defense solution for other allied nations worldwide."

About Stunner
Part of the David's Sling Weapon System, Stunner is designed to defeat a variety of short-range ballistic missiles, large caliber rockets and cruise missiles.

• Raytheon and Rafael signed a teaming agreement in 2009 to develop and produce the Stunner interceptor.
• The first Stunner intercept flight test is planned for 2012.

About Raytheon
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.

Media Contact
John B. Patterson
+1.520.440.2194
rmspr@raytheon.com

SOURCE Raytheon Company