HUNTSVILLE, Ala., Nov. 26, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has opened its new all-up-round Standard Missile production facility in Huntsville, Ala. At the cutting-edge factory, workers will complete final assembly and testing of the company's Standard Missile-3 and SM-6 interceptors.
Raytheon executives from around the country joined government customers and elected leaders at a ribbon-cutting ceremony to mark the opening of the new 70,000 square-foot facility located on the U.S. Army's Redstone Arsenal.
"This factory is the most advanced missile integration facility in the world, enabling Raytheon to provide our domestic and international customers with the most effective, reliable and affordable products possible," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "The missiles assembled in this factory will play a critical role in protecting our homeland and defending our allies around the globe."
The new facility features the latest tools and processes for missile integration and testing. Factory technicians will use special transport vehicles for moving missiles inside the factory. The laser-guided vehicles handle all hardware transfers necessary, allowing technicians to concentrate on other aspects of production. Powered by a lithium battery, the transporters use their own internal positioning system for safely and efficiently maneuvering through the facility to the workstations."This missile integration facility will create new jobs for Alabama's workers to help bolster our nation's defense," said Sen. Richard Shelby of Alabama. "The facility will further enhance Huntsville's indispensable role in our nation's security and the region's economy." The first SM-6 missiles are scheduled to be delivered from the new facility to the customer in February 2013; initial SM-3 rounds are scheduled to be delivered the following quarter. About Raytheon Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon. Media Contacts John B. Patterson+1.520.440.2194 Doug Shores+1.256.527.5196 email@example.com SOURCE Raytheon Company
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV