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Raytheon : U.S. Navy, Raytheon deliver 4,000th Tomahawk Block IV cruise missile

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08/15/2017 | 05:31pm CEST

TUCSON, Ariz., Aug. 15, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and the U.S. Navy have delivered the 4,000(th) Tomahawk(TM) Block IV cruise missile to the fleet. The highly advanced missile can circle for hours, shift course instantly on command and strike with pinpoint accuracy.

Launched from ships or submarines, the Tomahawk missile can fly into heavily defended airspace 1,000 miles away to conduct precise strikes on high-value targets with minimal collateral damage.

"When it comes to flexibility, accuracy and firepower, no other cruise missile in the world compares to Tomahawk. That's why it's been called the nation's weapon of choice," said Mike Jarrett, Raytheon Air Warfare Systems vice president. "We're not resting on our past success. Raytheon and the U.S. Navy are modernizing Tomahawk to provide sailors with the capability they need to stay ahead of the evolving threat."

Upgrades to the Tomahawk missile include enhancements to the weapon's communications and navigation capabilities, while adding a multi-mode seeker so it can hit moving targets at sea. Some of these enhancements will be implemented beginning in 2019. Other upgrades will be phased in over time. Modernized Tomahawk cruise missiles will be in the U.S. Navy's inventory beyond 2040.

"Navy Sailors around the globe rely on the Tomahawk weapon system to preserve freedom at home and abroad," said Capt. Mark Johnson of the U.S. Naval Air Systems Command. "Working with Raytheon, we plan to continue upgrading and delivering Tomahawks far into the future."

Fired in combat more than 2,300 times, Tomahawk cruise missiles are used by U.S. and British forces to defeat integrated air defense systems and conduct long-range precision strike missions against high-value targets.

About Raytheon
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(TM) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

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View original content with multimedia:http://www.prnewswire.com/news-releases/us-navy-raytheon-deliver-4000th-tomahawk-block-iv-cruise-missile-300504191.html

SOURCE Raytheon Company

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Financials ($)
Sales 2017 25 318 M
EBIT 2017 3 361 M
Net income 2017 2 210 M
Debt 2017 1 784 M
Yield 2017 1,76%
P/E ratio 2017 23,52
P/E ratio 2018 20,85
EV / Sales 2017 2,11x
EV / Sales 2018 2,01x
Capitalization 51 728 M
Duration : Period :
Raytheon Technical Analysis Chart | RTN | US7551115071 | 4-Traders
Technical analysis trends RAYTHEON
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 192 $
Spread / Average Target 7,5%
EPS Revisions
Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
Michael C. Ruettgers Independent Director
William R. Spivey Independent Director
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