Raytheon awarded $251 million Tomahawk missile contract

TUCSON, Ariz., Sept. 26, 2014 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $251 million contract to procure Tomahawk Block IV tactical cruise missiles for fiscal year 2014 with an option for 2015.

The contract calls for Raytheon to build and deliver Tomahawk Block IV cruise missiles to the U.S. Navy and U.K. Royal Navy. Raytheon will also conduct flight tests and provide life-cycle support. Production and delivery of the missiles is scheduled to begin in 2015.

"Tomahawk Block IV continues to be our Nation's weapon of choice to defeat high value targets and integrated air defense systems," said Capt. Joseph Mauser, U.S. Navy Tomahawk program manager. "With more than 2,000 combat missions and 500 successful flight tests, Tomahawk has proven its outstanding reliability and effectiveness."

The Tomahawk Block IV missile includes a two-way satellite data-link that enables a strike controller to flex the missile in-flight to preprogrammed alternate targets or redirect to an alternate or more time critical target.

"Tomahawk's record of reliability, effectiveness and accuracy is unmatched by any other tactical cruise missile in the world today," said Mike Jarrett, Raytheon Air Warfare Systems vice president. "Raytheon and the U.S. Navy are working to bring even greater capability to this already sophisticated weapon."

About the Tomahawk Block IV
With a range of more than 1,000 miles the Tomahawk Block IV missile is a surface and submarine-launched precision strike stand-off weapon. Tomahawk is designed for long-range precision strike missions against high-value and heavily defended targets.

• More than 2,000 Tomahawks have been employed in combat.
• Tomahawk is integrated on all major U.S. surface combatants and U.S. and U.K. sub-surface platforms including the Los Angeles, Virginia and Ohio, Astute and Trafalgar class submarines.

About Raytheon
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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

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