This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Raytheon Stinger Trainer Demonstrates Accuracy In Finland VSHORADS Field Trials

LONDON, Sept. 9, 2013 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Stinger demonstrated flawless performance in recent Very Short Range Air Defense System (SHORADS) field trials in Finland. During the trials, six Finnish gunners were trained on three missile system tracking trainers. Using the trainer, each Finnish gunner successfully simulated tracking and engaging targets flown by the Finnish Army Materiel Command, including an F/A-18, NH-90 helicopter and Banshee drone.

Stinger's lethal performance is unmatched by any other SHORAD missile and has been demonstrated and validated by its extensive test and combat record.

"The Stinger is best known for its Man-Portable Air-Defense System (MANPADS) variant, which gives the missile a surface-to-air capability, and these field trials prove that our competitors have yet to develop a MANPADS system that can truly outperform Stinger," said Mark Nicol, program director of Raytheon Missile Systems' Stinger program.

The Stinger missile has specifically demonstrated its ability to successfully engage rotary- and fixed-wing aircraft and unmanned aerial vehicles during numerous test flights and in combat.

"We have taken a system that has proven itself time and time again in critical combat situations, and have continually evolved the technology," Nicol said. "The result is a system that is proven and designed for today's warfighter in current and future conflicts."

Stinger offers a high explosive hit-to-kill, blast-fragmentation warhead. Stinger has nearly 300 combat kills and a success rate of over 92 percent in more than 1,500 live fire tests by U.S. and allied forces. Unlike other SHORAD missiles, Stinger is designed to engage a target with one shot. Stinger is a highly reliable system that requires no regular scheduled maintenance by the user.

"As our international allies look to deploy highly advanced defense postures with proven systems, Stinger will continue to remain a major player in the ground-based air defense arena," said Michelle Lohmeier, vice president of Raytheon Missile Systems' Land Combat product line.

About RaytheonRaytheon 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 Contact Nicole Stewart+1.520.437.1975  rmspr@raytheon.com

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

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