Raytheon receives $112.9 million production contract for AMRAAM
TUCSON, Ariz., Oct. 6, 2006 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received its first production award in the amount of $112.9 million for the AIM-120D configuration of the Advanced Medium-Range Air-to-Air Missile (AMRAAM).
This contract supplements the Lot 20A effort awarded in February 2006 and, in addition to funding AIM-120C7 missiles, it also includes the first production deliveries of AIM-120D missiles from December 2007 through January 2009. The two Lot 20 contracts combined total $168 million. Production and delivery will support the U.S. Air Force, Navy and Army. Contract work will be done primarily at Raytheon Missile Systems in Tucson, Ariz.
AIM-120D is an enhanced capability missile that includes enhanced data link, improved kinematics and GPS Inertial Measurement Unit capability, developed to meet the changing technology and battlespace requirements of the warfighter.
Raytheon is the sole provider of the AMRAAM family of precision-guided missiles. AMRAAM is the most carried air-to-air missile in the U.S. arsenal. Deployed in 32 countries, AMRAAM continues to set the standard for air dominance.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
Note to Editors: This contract was initially announced by the Department of Defense on Sept. 15, 2006.
Contact: At Defendory International: Sara Hammond Chandra Stewart 520.794.7810 +1.520.241.1961
SOURCE: Raytheon Company
CONTACT: Sara Hammond, +1-520-794-7810, or at Defendory International,
Chandra Stewart, +1-520-241-1961, both for Raytheon Company
Web site: http://www.raytheon.com/