September 9, 2009
TUCSON, Ariz. -- Raytheon Company (NYSE: RTN) won the first of several planned low rate initial production (LRIP) contracts to build Standard Missile-6 systems for the U.S. Navy.
The $93 million contract includes the production of missiles and delivery of spare parts and missile containers. Delivery will begin in early 2011.
"Standard Missile-6 has been on budget and on schedule since the program started in 2004," said Frank Wyatt, vice president of Raytheon's Naval Weapon Systems. "LRIP clears the way for delivery to the warfighter of this integral weapon system."
SM-6 will meet the U.S. Navy's requirement for an extended-range anti-air warfare (AAW) missile. The system will provide a defensive capability against fixed- and rotary-wing aircraft, unmanned aerial vehicles and anti-ship cruise missiles.
"When combined with future integrated fire control, SM-6 will provide the U.S. Navy with an extended battlespace capability against over-the-horizon AAW threats," said Wyatt. "By taking full advantage of the Standard Missile family's kinematics, SM-6 provides signal processing and superior guidance and control capabilities."
SM-6 also allows the use of active and semi-active modes and advanced fuzing techniques.
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:
This contract award was originally announced by the Department of Defense Sept. 4, 2009.
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Contract win, Missiles, Naval Systems, Raytheon (NYSE:RTN)
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