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U.S. Army Awards Raytheon-Boeing Team $125 Million Contract for Joint Air-to-Ground Missile

Written by thomas · Filed Under Aeronautics News 

September 22, 2008

thomas

TUCSON, Ariz., Sept. 22, 2008 /PRNewswire-FirstCall/ — The U.S. Army
awarded Raytheon Company (NYSE: RTN) and Boeing (NYSE: BA) a $125 million
contract for the Joint Air-to-Ground Missile program. The contract funds a
27 month technology development program to develop and fire three prototype
missiles with fully integrated tri-mode seekers.

“There is an urgent warfighter need to field this system and meet
future needs,” said John Weinzettle, Raytheon’s JAGM program director. “The
goal of the Raytheon-Boeing JAGM team is to deliver an affordable, reliable
and complete system solution that can be integrated into the program’s six
required aircraft.”

The JAGM program will produce a single missile solution for rotary- and
fixed- wing platforms and unmanned aircraft. It is designed to defeat
moving and stationary targets at extended ranges in all weather conditions.

The Raytheon-Boeing JAGM team brings mature, advanced seeker and
missile technologies to the program. The team also has decades of fixed-
and rotary-wing integration expertise. The expected JAGM in-service date is
2016, and Raytheon is the prime contractor.

“The Raytheon-Boeing JAGM team offers the U.S. Army, Navy and Marine
Corps an outstanding track record of performance in weapons program
development, while delivering reliable products on time and on cost,” said
Carl Avila, director, Advanced Weapons, Boeing Integrated Defense Systems.

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 services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one
of the world’s largest space and defense businesses specializing in
innovative and capabilities-driven customer solutions. Headquartered in St.
Louis, Boeing Integrated Defense Systems is a $32.1 billion business with
71,000 employees worldwide.

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