TUCSON, Ariz., March 31, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $528,797,459 fixed-price incentive, firm target contract modification for Advanced Medium Range Air-to-Air Missiles (AMRAAM). Raytheon will provide AMRAAM Lot 29 missiles and other AMRAAM system items. This contract involves foreign military sales.
Work will be performed in Tucson and is expected to be complete by January 2018. This award was booked in the first quarter 2015.
AMRAAM is a combat-proven missile that has demonstrated operational flexibility in both air-to-air and surface-launch engagement scenarios and provides today's warfighter with enhanced operational capability, cost effectiveness and future growth options/solutions. Procured by 36 countries, the combat-proven AMRAAM has been operational and integrated on the F-16, F-15, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier, F-4 and the Joint Strike Fighter aircraft. It is also the baseline missile for the National Advanced Surface-to-Air Missile System.
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 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 cyber security 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.
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SOURCE Raytheon Company