Department of Defense Awards Raytheon Nearly $100 Million in Air-Launched Weapons Contracts

TUCSON, Ariz., Dec. 21, 2011 /PRNewswire/ — The Depart­ment of Defense award­ed Raytheon Com­pa­ny (NYSE: RTN) two sep­a­rate air-launched weapons con­tracts with a com­bined val­ue of near­ly $100 mil­lion.

The U.S. Navy award­ed Raytheon an $84.3 mil­lion mod­i­fi­ca­tion to a pre­vi­ous­ly award­ed firm-fixed-price con­tract to pro­duce the Joint Stand­off Weapon C-1.
The U.S. Air Force award­ed Raytheon a $15 mil­lion firm-fixed-price con­tract for pro­duc­tion of the laser-guid­ed Mav­er­ick mis­sile.
Both con­tracts were announced by the Depart­ment of Defense on Dec. 19.

About Raytheon
Raytheon Com­pa­ny, with 2010 sales of $25 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 89 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 72,000 peo­ple world­wide. For more about Raytheon, vis­it us at www.raytheon.com and fol­low us on Twit­ter at @raytheon.

Media Con­tact
Mike Nachshen
+1.520.794.4088
rmspr@raytheon.com