Raytheon receives $155.6 million Rolling Airframe Missile contract

      Raytheon receives $155.6 million Rolling Airframe Missile contract

Largest RAM agreement for German navy

PR Newswire

TUCSON, Ariz., April 1, 2013

TUCSON, Ariz., April 1, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was
awarded a $155.6 million contract to manufacture Block 2 Rolling Airframe
Missiles for delivery to the German navy. It represents the largest single RAM
award by Germany. The contract was awarded in Raytheon's first quarter of
2013.

RAM is a cooperative program between the U.S. and German governments with
industry support from Raytheon and RAMSYS of Germany. The contract calls for
production work to be shared between both companies.

"This sale is the result of more than 35 years of unmatched testing
achievements and capability improvements," said Dr. Taylor W. Lawrence,
president of Raytheon Missile Systems. "It complements the $100 million RAM
Block 2 production contracts with the U.S. Navy signed in 2012 and follows our
company's 11 critical Block 2 development test flights. RAM is on solid
footing to begin government testing in May."

Robust International Fleet Self-defense System
RAM is a supersonic, lightweight, quick reaction, fire-and-forget missile
providing defense against anti-ship cruise missiles, helicopter and airborne
threats, and hostile surface craft. The missile's autonomous dual-mode,
passive radio frequency and infrared guidance design provides a high-firepower
capability for engaging multiple threats simultaneously. RAM is aboard nearly
100 ships as an integral self-defense weapon for the navies of Egypt, Germany,
Greece, Japan, Republic of Korea, Turkey, the United Arab Emirates and the
United States.

The RAM Block 2 upgrade includes a four-axis independent control actuator
system and an increase in rocket motor capability, increasing the missile's
effective range and delivering a significant increase in maneuverability. The
improved missile also incorporates an upgraded passive radio frequency seeker
and a digital autopilot.

About Raytheon
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees
worldwide, is a technology and innovation leader specializing in defense,
security and civil markets throughout the world. With a history of innovation
spanning 91 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
John Eagles
+1.502.364.6768
rmspr@raytheon.com

SOURCE Raytheon Company

Website: http://www.raytheon.com
 
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