Raytheon awarded $254.6 million for Tomahawk missile

             Raytheon awarded $254.6 million for Tomahawk missile

Block IV variant provides greater accuracy, flexibility

PR Newswire

TUCSON, Ariz., Dec. 21, 2012

TUCSON, Ariz., Dec. 21, 2012 /PRNewswire/ -- The U.S. Navy awarded Raytheon
Company (NYSE: RTN) a $254.6 million contract to procure Tomahawk Block IV
tactical cruise missiles for fiscal year 2013. The contract calls for Raytheon
to build and deliver Tomahawk Block IV cruise missiles, conduct flight tests
and provide life-cycle support. Production and delivery of the missiles is
scheduled to begin in 2013.

"Tomahawk Block IV enables the warfighter to precisely engage heavily defended
and high-value targets from extremely long distances, which is critical to
maintaining national security," said Capt. Joe Mauser, U.S. Navy Tomahawk
program manager. "With more than 2,000 combat missions and 500 successful
tests completed, Tomahawk has proven its outstanding reliability and
effectiveness."

A major enhancement to the Tomahawk Block IV missile includes a two-way
satellite data-link that enables a strike controller to redirect the missile
in-flight to preprogrammed alternate targets or more critical targets.

"Tomahawk has an excellent record of reliability, effectiveness and accuracy.
No other tactical cruise missile in the world can come close to matching it,"
said Harry Schulte, vice president of Air Warfare Systems for Raytheon Missile
Systems. "This missile provides unparalleled capability and has greatly
contributed to the security of our country and our allies."

The contract was announced by the Department of Defense on Dec. 17, 2012, and
was awarded in Raytheon's fourth quarter.

About Tomahawk Block IV
With a range of approximately 1,000 statute miles, the Tomahawk Block IV
missile is a surface- and submarine-launched precision strike stand-off
weapon. Tomahawk is designed for long-range precision strike missions against
high-value and heavily defended targets.

  oMore than 2,000 Tomahawks have been employed in combat.
  oTomahawk is integrated on all major U.S. surface combatants, as well as
    U.S. and U.K. sub-surface platforms, including the Los Angeles, Virginia,
    Ohio, Astute and Trafalgar class submarines.

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
Holly Caldwell
+1.520.665.7608
rmspr@raytheon.com

SOURCE Raytheon Company

Website: http://www.raytheon.com
 
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