Raytheon awarded $108 million for SM-2 production
Funding will support continued production of all-up rounds
TUCSON, Ariz., Dec. 17, 2012
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.
oSM-2 has been integrated with both Aegis and non-Aegis combat weapon
oThe missile can be launched from the MK-41, MK-13 and MK-26 launchers.
oSM-2 has an extensive flight test history of more than 2,500 successful
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.
SOURCE Raytheon Company
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