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Raytheon awarded $80.5 million from US Navy for Joint Standoff Weapon
TUCSON, Ariz., Dec. 26, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received an $80.5 million modification to a previously awarded firm-fixed-price contract for the procurement of 200 full rate production Lot 10 AGM-154C-1 Joint Standoff Weapons (JSOWs).
The contract also includes associated support equipment and one performance characterization test.
JSOW provides growth and threat adaptation opportunities for current and future customers, and interoperates with several platforms to support domestic and international warfighters.
Work is expected to be completed in August 2016 and will be performed in Dallas, Texas; Cedar Rapids, Iowa; Tucson, Ariz.; and McAlester, Okla.
About the Joint Standoff Weapon
JSOW is a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal imaging infrared seeker. JSOW C-1 adds the two-way Strike Common Weapon Datalink to the combat-proven weapon, enabling a moving maritime target capability. JSOW C-1 will provide an advanced anti-surface warfare solution on the F/A-18 Super Hornet aircraft.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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 @Raytheon.
SOURCE Raytheon Company
For further information: Holly Caldwell, +1.520.665.7608, email@example.com