Raytheon gets USD80.5m joint standoff weapon contract from US Navy

27 December 2013

Raytheon Company (NYSE: RTN) said it received an USD80.5m modification to a previously awarded firm-fixed-price contract for the procurement of 200 full rate production Lot 10 AGM-154C-1 joint standoff weapons.

The contract also includes associated support equipment and one performance characterization test.

Work is expected to be completed in August 2016 and will be performed in Dallas, Texas; Cedar Rapids, Iowa; Tucson, Ariz.; and McAlester, Okla.

JSOW is a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal imaging infrared seeker. JSOW C-1 adds the two-way strike common weapon datalink to the combat-proven weapon, enabling a moving maritime target capability. JSOW C-1 will provide an advanced anti-surface warfare solution on the F/A-18 Super Hornet aircraft.

Raytheon, with 2012 sales of USD24bn and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. The company´s website is at www.raytheon.com and on Twitter @Raytheon.

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