Raytheon Awarded $17.8 M for NATO SEASPARROW

(Tewksbury, Mass., March 26, 2008) -- Raytheon Company (NYSE: RTN) has been awarded a $17.8 million contract from the U.S. Navy and the NATO SEASPARROW Project Office for the company's MK57, MK29 and MK73 NATO SEASPARROW missile systems.

Under the contract, Raytheon Integrated Defense Systems (IDS) will assemble, test, and deliver components and support for the systems, which enable critical self-defense capabilities for U.S. and allied navy surface ships.

The MK57 NATO SEASPARROW Surface Missile System (NSSMS) is the primary self-defense weapons system installed on U.S. naval aircraft carriers and amphibious assault ships. As the solutions provider and Mission Systems Integrator for the MK57 NSSMS, Raytheon IDS provides the hardware and processing required for launch and control of the U.S. Navy's SEASPARROW and Evolved SEASPARROW (ESSM) self-defense missiles. Raytheon Missile Systems leads the cooperative development efforts for ESSM.

"The MK57 NSSMS is an advanced and affordable solution that our warfighters can depend on," said Raytheon IDS' Charles "Tom" Bush, vice president of Seapower Capability Systems. "We've worked very hard to ensure that we are delivering the most effective solution that accomplishes the mission the first time and every time."

Source : Raytheon

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