This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Raytheon Delivers First Standard Missile-3 From New Alabama Missile Integration Facility

HUNTSVILLE, Ala., June 18, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) delivered the first Standard Missile-3 to the U.S. Navy from its new integration and testing facility in Huntsville, Ala., on May 23. The SM-3 missile is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as "hitting a bullet with a bullet."

"SM-3 is a critical part of our nation's defense against ballistic missiles," said Dr. Taylor W. Lawrence, president of Raytheon Missile Systems. "SM-3s are deployed around the world today in this life-saving, defensive role. Combatant commanders consistently echo the need for more robust inventories of SM-3s in the fleet, and this factory will ensure their urgent needs are met."

Delivering both SM-3 and SM-6 interceptors, Raytheon's new $75 million, 70,000 square-foot, all-up-round production facility at Redstone Arsenal features advanced tools and the latest processes for missile production. The facility enables Raytheon to streamline processes, reduce costs and add value for the warfighter.

"Six months ago we opened the Raytheon Redstone Missile Integration Facility for business, and today we are delivering both SM-3 and SM-6 missiles to our customers," said Wes Kremer, vice president of Air and Missile Defense Systems for Raytheon Missile Systems.

"During these lean economic times," Kremer said, "Raytheon is highly focused on driving commonality across our products. Especially when it comes to our manufacturing facilities and processes, efficiency drives affordability and allows us to deliver more to the warfighter for less."

Last month, Raytheon celebrated the 60th anniversary of the Standard Missile family of interceptors, while the U.S. Navy took out a ballistic missile target using a Standard Missile-3.

About the Standard Missile-3

The SM-3 does not contain an explosive warhead, but instead destroys the threats using sheer impact, equivalent to a 10-ton truck traveling at 600 mph.

  • More than 135 SM-3s have been delivered to U.S. and Japanese navies ahead of schedule and under cost.
  • Raytheon is on track to deploy the next-generation SM-3 Block IB guided missile in 2015.
  • SM-3 Block IB will be deployed in both afloat and ashore weapons systems.

About Raytheon

Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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 Heather Uberuaga+1.520.891.8421

Doug Shores+1.256.527.5196

rmspr@raytheon.com

SOURCE Raytheon Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs