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Raytheon Signs $151 Million Evolved SeaSparrow Missile Contract

TUCSON, Ariz., Sept. 8, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $151 million contract by the U.S. Navy's NATO SeaSparrow program office to produce 186 Evolved SeaSparrow Missiles, with an option for $210.3 million to produce an additional 255 missiles. The agreement will also provide NSPO consortium member navies with spare parts and missile containers.

Deployed in the U.S. Navy and nine international fleets, ESSM defends the battlespace by delivering ship self-defense firepower against high-G maneuvering anti-ship cruise missiles as well as surface and low-velocity air threats.

"Raytheon, along with our international team of 18 partner companies, has advanced this world-class system to a point of prominence in ship self-defense missiles," said Ed Roesly, Raytheon's ESSM program director. "This contract cements the ESSM's future, and next year will be exciting as we expand our worldwide customer base."

As a tail-controlled missile, ESSM uses recent enhancements to its guidance system to take advantage of improved seeker sensitivity, increased propulsion and greater weapon accuracy. These features enable ESSM to arrive at the intercept point with more endgame speed and agility to counter the threat.

Raytheon Company, with 2008 sales of $23.2 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 87 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 73,000 people worldwide.

Note to Editors:

ESSM consortium countries: Australia, Canada, Denmark, Germany, Greece, Netherlands, Norway, Spain, Turkey and the United States. Japan and United Arab Emirates are also ESSM customer nations.

This contract was previously announced by the Department of Defense Aug. 20, 2009.

    John Eagles
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SOURCE Raytheon Company

SOURCE: Raytheon Company

Web site: http://www.raytheon.com/

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