Raytheon awarded first international contract for Paveway IV
HARLOW, England, April 11, 2014 /PRNewswire/ -- Raytheon Company received a contract from an international customer for Paveway™ IV precision guided bombs valued at more than $200m. As part of the sale Raytheon will deliver hundreds of the advanced munitions, which are regarded as the 'weapon of choice' for the Royal Air Force. The contract represents the first sale of Paveway™ IV outside the U.K.
"This contract is an export boost to the U.K. It will help support hundreds of manufacturing and engineering jobs at Raytheon's facilities and in the supply chain across the U.K.," said Richard Daniel, Chief Executive, Raytheon UK. "Developed in Harlow, with the advanced guidance system produced in Glenrothes, Paveway IV™ has delivered considerable operational capability to the U.K. and allied forces in numerous military operations."
The Paveway™ family of laser-guided and GPS and laser-guided bombs has revolutionized tactical air-to-ground warfare by converting "dumb" bombs into precision-guided munitions. Bombs equipped with Paveway™ kits have been put to the test and proved themselves, time and again, as the weapon of choice by 43 customers. Paveway™ laser-guided bomb kits comprised more than half the air-to-ground precision-guided weapons used in Operation Iraqi Freedom, Enduring Freedom and Unified Protector.
About Raytheon UK
Raytheon UK is a subsidiary of Raytheon Company. It is a prime contractor and major supplier to the UK Ministry of Defence and has developed strong capabilities in mission systems integration in defence, national security and commercial markets. Raytheon UK also designs, develops and manufactures a range of high-technology electronic systems and software at facilities in Harlow, Glenrothes, Uxbridge, Waddington and Broughton.
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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 cyber security and 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