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TheStreet Open House

Raytheon UK To Deliver Additional Paveway™ IVs To UK MOD

Stock quotes in this article: RTN





HARLOW, England and GLENROTHES, Scotland, Dec. 4, 2012 /PRNewswire/ -- Raytheon UK has won a £25 million contract from the UK MOD for further Paveway™ IV precision-guided bombs. This latest contract will adhere to the accelerated delivery timeframe of two previous orders, placed over the last year, totaling nearly £80 million.

Bob Delorge, chief executive Raytheon UK, commented: "The Paveway IV is well recognized as being the RAF's precision-guided bomb of choice, with accuracy, flexibility, and reliability being some of the key characteristics of the system. The Paveway IV weapon system has proved itself pivotal to operations in Afghanistan and also in Libya. This contract will help sustain hundreds of highly skilled staff in Raytheon as well as our UK-based partners while delivering an outstanding operational capability."

About Raytheon UK

Raytheon UK is a subsidiary of Raytheon Company. It is a prime contractor and major supplier to the UK Ministry of Defence and has developed strong capabilities in mission systems integration in defense, national security and commercial markets. Raytheon UK also designs, develops and manufactures a range of high-technology electronic systems and software at its facilities in Harlow, Glenrothes, Uxbridge, Waddington and Broughton.

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.

Notes to Editors

With over 450 skilled engineers supporting its complex weapons' business in the UK, Raytheon's facility in Glenrothes, Scotland, designs and manufactures guidance electronics, actuation systems and power supplies for a wide range of complex weapons and forms part of Raytheon Missile Systems' and other missile prime contractors' global supply chain. The prime contract and in-service support is provided through Raytheon's Harlow facility, which is the design authority for the Paveway IV weapon system. Raytheon UK was awarded a £10 million, four-year contract in May 2011 to provide in-service support for both current and legacy Paveway systems.

Raytheon UK continues to be a valued player in the UK complex weapons sector, with the ability to reachback for value for money solutions and technologies, integrate weapon systems onto UK platforms, enhance existing products to meet future UK requirements, industrialize in order to provide an appropriate level of UK operational sovereignty, provide in-country and in-service support for its products, and export from the UK when appropriate.

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