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Raytheon Company : Diehl-Raytheon Missile Systeme GmbH captures $30 million international Sidewinder missile sale

December 20, 2013 at 09:28 am EST

MarketScreener.com By The editorial team

TUCSON, Ariz., Dec. 20, 2013 /PRNewswire/ -- Diehl-Raytheon Missile Systeme (DRM) GmbH was awarded a contract of more than $30 million for the sale of AIM-9L/I-1 tactical Sidewinder missiles, training missiles and ground support equipment in a direct commercial sale to an international customer.

Diehl BGT Defence will refurbish German AIM-9L missiles as part of the sale. Diehl BGT Defence, which has produced more than 30,000 Sidewinder missiles for the European Sidewinder consortium and multiple air forces throughout the world, will support DRM.

The AIM-9 Sidewinder, carried by fighter aircraft, is a heat-seeking, short-range, air-to-air missile that has evolved throughout five decades of combat-proven performance. The AIM-9L/I-1 provides upgraded infrared counter-countermeasures.

"Sidewinder missiles provide the warfighter a critical contribution to the counter-air mission," said Stefan Eckert, president of DRM GmbH. "DRM is proud to contribute to Sidewinder missile capability and to provide follow-on support."

DRM GmbH is a joint venture founded by Diehl and Raytheon in 2004. The company's primary objective is the modernization and marketing of AIM-9L/M Sidewinder missiles, but also provides worldwide logistics and life-cycle support for the AIM-9/M Sidewinder. DRM also supports Raytheon Company in marketing AMRAAM sustainment and HARM upgrades in Europe.

About Raytheon

Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.

Media Contact
Holly Caldwell
+1.520.795.7608
rmspr@raytheon.com

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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