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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 |
TUCSON, Ariz., May 6, 2015 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Standard Missile-6 program has moved from low-rate to full-rate production, clearing the path for significantly increased production numbers and focus on further cost-reduction opportunities.
SM-6 is a surface-to-air supersonic missile capable of successfully engaging manned and unmanned aerial vehicles and fixed- and rotary-wing aircraft. It also defends against land-attack and anti-ship cruise missiles in flight.
"SM-6 is proven against a broad range of advanced threats, which makes it very valuable to Combatant Commanders who need and want that flexibility," said Mike Campisi, Standard Missile-6 senior program director. "Full-rate production allows us to significantly ramp up production and deliver to the U.S. Navy the quantities it needs to further increase operational effectiveness."
The first full-rate production round was delivered to the U.S. Navy from Raytheon's state-of-the-art SM-6 and SM-3 all-up-round production facility at Redstone Arsenal in Huntsville, Ala. Prior to final assembly, a majority of the SM-6's section level assembly and testing development took place at Raytheon's subsystem center factory in Tucson, Ariz.
Raytheon has delivered more than 180 missiles to the U.S. Navy, which deployed SM-6 for the first time in December 2013.
About the Standard Missile-6
SM-6 delivers a proven over-the-horizon air defense capability by leveraging the time-tested advantages of the Standard Missile's airframe and propulsion.
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
Heather Uberuaga
+1.520.891.8421
rmspr@raytheon.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheons-sm-6-moves-from-low-rate-to-full-rate-production-300078282.html
SOURCE Raytheon Company
Copyright 2015 PR Newswire
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