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Raytheon

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RTN

Raytheon : Clarification of Standard Missile-3 contract value announced December 18

December 21, 2015 at 03:49 pm EST

WALTHAM, Mass., Dec. 21, 2015 /PRNewswire/ -- On December 18, the Department of Defense announced a contract modification for 52 Standard Missile-3 Block IB all-up rounds and spares, support and recertification to be fulfilled by Raytheon Missile Systems (http://www.defense.gov/News/Contracts/Contract-View/Article/637451).

This announcement represents $18.6 million in new bookings by Raytheon Company in Q4 2015 on an existing FY 2015 production contract, and establishes pricing for as-yet-unexercised options for FY 2016-2018 efforts.

About Raytheon

Raytheon Company (NYSE: RTN), with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity markets throughout the world. With a history of innovation spanning 93 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 cybersecurity and 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
Mike Doble
+1.703.284.4345
CorpPR@Raytheon.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clarification-of-standard-missile-3-contract-value-announced-december-18-300195997.html

SOURCE Raytheon Company

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Company Profile

Raytheon specializes in the design, manufacturing and marketing of electronic defense equipment and systems. Net sales break down by family of products and services as follows: - missile systems (29.2%): weapons systems, missiles, munitions, projectiles, etc.; - integrated air and missile defense systems (23.4%): radars systems, control and monitoring equipments, communication, information, detection and imaging systems, etc.; - aerospace systems (23.1%): radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.; - intelligence, surveillance and reconnaissance solutions and services (22.1%). The group also provides network systems (communication, surveillance, traffic control systems, etc.) and technical services (consulting, engineering, technical assistance and training services etc.); - network and information security solutions and services (2.2%). Net sales break down geographically as follows: the United States (70.6%), Middle East and North Africa (14%), Asia/Pacific (9.3%) and other (6.1%).

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