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Raytheon Receives $21 Million for NATO SEASPARROW MK48 Program

Written by thomas · Filed Under Aeronautics News 

July 23, 2008

thomas

TEWKSBURY, Mass., July 23, 2008 /PRNewswire/ — Raytheon Company (NYSE:
RTN) has been awarded a $21.2 million U.S. Navy contract for components of
the NATO SEASPARROW MK48 Guided Missile Vertical Launch System (GMVLS).

The MK48 launches SEASPARROW and Evolved SEASPARROW (ESSM) missiles to
defend against high-speed, highly maneuverable anti-ship missiles.

Under this modification to an existing contract, Raytheon will deliver
68 MK20 MOD 1 canisters and 156 spare frangible covers, critical components
of the MK48 GMVLS. The canisters will support systems currently in use by
the Canadian Navy, while the frangible covers will be delivered to Canada,
the Netherlands, and Belgium.

“The MK48 GMVLS provides essential missile defense capabilities to
protect and defend our international allies,” said Raytheon Integrated
Defense Systems’ (IDS) Charles “Tom” Bush, vice president of Seapower
Capability Systems. “Raytheon is committed to providing reliable and
effective system components that warfighters can depend on, the first time
and every time.”

The NATO SEASPARROW Consortium, which comprises the U.S. and 11 other
countries, will fund the contract. Work will be performed at Raytheon’s
Seapower Capability Center, Portsmouth, R.I., and by a major subcontractor
in Hoogeveen, Netherlands. Work is scheduled to be completed by December
2010. Raytheon Missile Systems, Tucson, Ariz., leads the cooperative
development efforts for ESSM.

Integrated Defense Systems is Raytheon’s leader in Joint Battlespace
Integration providing affordable, integrated solutions to a broad
international and domestic customer base, including the U.S. Missile
Defense Agency, the U.S. Armed Forces and the Department of Homeland
Security.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
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.

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