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Raytheon : support complex international ballistic missile defense exercise

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10/18/2017 | 12:14am CEST

HEBRIDES RANGE, Scotland, Oct. 17, 2017 /PRNewswire/ -- A Raytheon (NYSE: RTN)-built Standard Missile-3 intercepted a medium-range ballistic missile target at sea as part of a multinational operational exercise off the coast of Scotland.

The NATO-led exercise, Formidable Shield 17, was an integrated air and missile defense exercise simulating real-life threat scenarios. The event, supported by the U.S. Missile Defense Agency and U.S. Navy, was designed to evaluate the ability of allied navies' ballistic missile and air warfare defenses to work together quickly and effectively to defeat incoming threats.

In addition to the SM-3 intercept, Standard Missile-2 and Evolved Seasparrow Missile conducted simulated target engagements of cruise missiles.

"Real-world events demand real-world testing," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "Strong cooperation between allied nations and industry helps ensure we are ready to defeat complex threats around the world."

Raytheon's innovative and trusted solutions are designed to protect the U.S. and its allies from ever-advancing threats. Canada, France, Germany, Italy, the Netherlands, Spain, the United Kingdom, and the United States were among the NATO nations that participated in Formidable Shield. The exercise built upon a previous At Sea Demonstration in 2015, with a focus on real-world operations.

The SM-3 interceptor is deployed at sea as part of the U.S. contribution to Europe's ballistic missile defense. The first land-based SM-3 site became fully operational in Romania in 2016, and the Poland site is expected to be in service next year.

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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Amanda Schildt
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View original content with multimedia:http://www.prnewswire.com/news-releases/raytheon-systems-support-complex-international-ballistic-missile-defense-exercise-300538471.html

SOURCE Raytheon Company

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Financials ($)
Sales 2017 25 317 M
EBIT 2017 3 350 M
Net income 2017 2 209 M
Debt 2017 1 784 M
Yield 2017 1,65%
P/E ratio 2017 24,90
P/E ratio 2018 22,09
EV / Sales 2017 2,23x
EV / Sales 2018 2,12x
Capitalization 54 773 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 197 $
Spread / Average Target 4,4%
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Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
William R. Spivey Independent Director
Vernon E. Clark Lead Independent Director
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