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Share Name | Share Symbol | Market | Type |
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Raytheon Co | NYSE:RTN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 116.96 | 0 | 01:00:00 |
LONDON, July 13, 2016 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Norway's Kongsberg Defence Systems are finalizing plans to assemble, integrate and test the Naval Strike Missile in the United States. The two companies also plan to produce NSM launchers in the U.S.
"NSM production in America is the latest evolution of our decades-long relationship with Kongsberg," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "We will assemble the missile and launchers in the same Raytheon factories where we produce many of the world's most advanced missiles and other weapons systems."
Raytheon expects to perform final assembly, integration and test of NSM at the company's Tucson, Arizona facility. Launchers would be manufactured at Raytheon's factory in Louisville, Kentucky.
With a range of more than 100 nautical miles, NSM is a long-range, anti-ship missile that provides superior strike capability against land and sea targets. Raytheon and Kongsberg believe NSM is an ideal solution for navies around the globe and the best over-the-horizon missile for the U.S. Navy's Littoral Combat Ship.
"Warfighters around the globe will benefit from the Kongsberg-Raytheon partnership on NSM," said Harald Ånnestad, President Kongsberg Defence Systems. "Production of NSM in the United States will secure ramp up and sustainability of NSM, the world's only Fifth Generation Naval Strike Missile with Land Target capabilities, for the US and our allies. Increased volume of NSM creates and secures jobs in both the US and Norway."
The companies are also teamed on the development of the Joint Strike Missile and National Advanced Surface-to-Air Missile Systems also known as NASAMS.
About NSM
About KONGSBERG
KONGSBERG (OSE-ticker: KOG) has more than 7,700 employees located in 27 countries and revenues of NOK 17.0 billion in 2015. KONGSBERG is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. For more information: www.kongsberg.com and Twitter @kongsbergasa.
About Raytheon
Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Visit us at www.raytheon.com and follow us on Twitter @Raytheon.
Raytheon Company
Missile Systems
Tucson, Ariz.
Media Contacts
Farnborough
John B. Patterson
+1.520.794.4559
Tucson
Tara Wood
+1.520.794.7715
rmspr@raytheon.com
Kongsberg Gruppen
Kyrre Lohne
+ 47 920 60081
kda.office@kongsberg.com
Photo - http://photos.prnewswire.com/prnh/20160712/388992
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheon-kongsberg-to-build-naval-strike-missiles-and-launchers-in-united-states-300297738.html
SOURCE Raytheon Company
Copyright 2016 PR Newswire
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