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4-Traders Homepage  >  Equities  >  Nyse  >  Raytheon Company    RTN

Delayed Quote. Delayed  - 05/27 10:02:01 pm
130.22 USD   +0.15%
04:50p RAYTHEON : and Israel's UVision to develop loitering airborne soluti..
03:04p RAYTHEON : Plans To Open Training Center At Old Gibson's Site
12:30p RAYTHEON : and Israel's UVision to develop loitering airborne soluti..
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Raytheon : and Israel's UVision to develop loitering airborne solutions

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05/30/2016 | 04:50pm CEST

Release date- 27052016 - TUCSON, Ariz. - Raytheon Company (NYSE: RTN) and UVision signed a teaming agreement to work together on small, loitering airborne solutions.

As part of the deal, Raytheon will adapt the Hero-30 remotely-operated lethal loitering airborne system from Israel's UVision for U.S. military requirements.

Hero-30 is a man-packed, canister-launched airborne loitering system. Raytheon will modify the Hero-30 for lethal target engagement as well as traditional airborne intelligence, surveillance and reconnaissance missions. The adapted system will meet the U.S. Army's requirement for Lethal Miniature Aerial Missile Systems, also known as LMAMS.

'Raytheon and UVision will offer U.S. Army small units a new capability with a fully-developed, portable, lethal loitering system,' said Dr. Thomas Bussing, Raytheon vice president of Advanced Missile Systems. 'This system significantly enhances the situational awareness and combat power of small units operating on the battlefield.'

The Hero-30 derivative could fulfill conventional small-unit and special-operations requirements. Previous user evaluations have determined Hero-30 to be extremely flexible and simple to operate for small-unit operations.

'We are eager to begin work with Raytheon - one of the world's most innovative technology and defense companies. The Hero-30 plays a significant role for ground forces regardless of the operating environment,' said Noam Levitt, UVision chief executive officer. 'Our partnership with Raytheon provides valuable battlefield intelligence and the capability to directly engage enemy threats when necessary.'

About UVision

UVision designs, develops and manufactures smart innovative, cost-effective, lethal aerial loitering systems for customers worldwide. With cutting-edge technology and 30 years of extensive field experience by a professional management team from leading Israeli defense companies, UVision delivers highly innovative loitering systems based on unique aerodynamic platform configurations. These solutions are tailored for unique flight qualities, surveillance, advanced airborne guidance and navigation systems, precision attack munitions, and command and control stations fully integrated with communication links. For more information, visit us at www.uvisionuav.com

About Raytheon

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects, and mission support for customers in more than 80 countries.

Media Contact:

Lorenzo R. Cortes

Tel: +1.520.794.2920

Email: rmspr@raytheon.com

(c) 2016 Electronic News Publishing -, source ENP Newswire

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