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RTN Raytheon Co

116.96
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Raytheon Co NYSE:RTN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 116.96 0 01:00:00

Raytheon receives $20 million DARPA contract to continue hypersonic missile development

29/04/2015 1:00pm

PR Newswire (US)


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TUCSON, Ariz., April 29, 2015 /PRNewswire/ -- The Defense Advanced Research Projects Agency (DARPA) has awarded Raytheon Company (NYSE: RTN) a $20,489,714 million contract modification for the Tactical Boost Glide program. Under the TBG program, Raytheon intends to develop and demonstrate the technology to enable air-launched hypersonic boost glide systems. A majority of the work will be performed in Tucson.

"Hypersonics is the new frontier of missile design and development," said Tom Bussing, Raytheon vice president of Advanced Missile Systems. "The extreme environments where these advanced missiles must operate present significant engineering challenges. Our extensive experience and expertise in developing advanced guided weapon systems uniquely position Raytheon to help solve these problems and deliver these solutions."

Once fielded, TBG could fly at speeds faster than Mach 5 and at altitudes of nearly 200,000 feet. To achieve the required speeds, the re-entry vehicles would be designed to skip across the inside of Earth's upper atmosphere before descending on their targets. The new missiles would have to withstand intense heat while remaining highly maneuverable, and would require sensor packages to engage moving or re-locatable targets.  

Hypersonic weapons would be difficult to intercept, and would enable warfighters to strike targets at long range much more quickly than current missile technology allows. 

About Raytheon
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.

Media Contact
John B. Patterson
+1.520.794.4559

rmspr@raytheon.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheon-receives-20-million-darpa-contract-to-continue-hypersonic-missile-development-300073552.html

SOURCE Raytheon Company

Copyright 2015 PR Newswire

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