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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Raytheon awarded $108 million for SM-2 production
Funding will support continued production of all-up rounds

TUCSON, Ariz., Dec. 17, 2012 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $108 million contract for continued production of Standard Missile-2 all-up rounds, a majority of which will be sold to U.S. allies through foreign military sales. This award brings the total fiscal year 2011 contract value to more than $200 million.

"The U.S. Navy has committed to supporting SM-2 past 2035, and this contract award reflects our international partners' desire to maintain this key defensive asset in their inventories," said Michael Campisi, Raytheon Missile Systems' senior director for SM-2 and SM-6 production. "The SM-2 production line is open for all our allies' requirements, and there will be full mission support available throughout the lifecycle of this critical asset."

SM-2 is deployed by the U.S. and eight allied navies. The missile provides high- and low-altitude intercept capabilities and performance against advanced anti-ship missile threats.

"SM-2 has been the primary surface-to-air fleet-air defense weapon of choice for decades," said Campisi. "It's an extremely effective, relevant weapon that will continue to protect navies around the globe for many years to come."

About Standard Missile-2
SM-2 is the world's premier fleet-area air defense weapon, providing protection from a wide range of advanced threats.

  • SM-2 has been integrated with both Aegis and non-Aegis combat weapon systems.
  • The missile can be launched from the MK-41, MK-13 and MK-26 launchers.
  • SM-2 has an extensive flight test history of more than 2,500 successful flight tests.

About Raytheon
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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.

Media Contact
Heather Uberuaga
+1.520.891.8421  
rmspr@raytheon.com

SOURCE Raytheon Company

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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