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TheStreet Open House

Raytheon Receives 1,000th AMRAAM Rocket Motor Delivery

Stocks in this article: RTN

DUBAI, United Arab Emirates, Nov. 17, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received the 1,000th AIM-120 Advanced Medium Range Air-To-Air Missile (AMRAAM ®) rocket motor from Nammo Group, a leading propulsion products company based in Raufoss, Norway. The motor is scheduled to be installed in a production AIM-120C7 missile later this month.

"Our partnership with Nammo is another example of the close relationship Raytheon enjoys with our supplier-partners," said Dr. Taylor W. Lawrence, president of Raytheon Missile Systems. "The teamwork between Raytheon and Nammo has contributed significantly to our shared success."

Following a lengthy qualification process in October 2012, Nammo was certified as an AMRAAM rocket motor supplier for Raytheon and has been delivering motors at the rate of approximately 90 motors per month.

"The Raytheon-Nammo partnership has been a model of success throughout the past year," said Ronald Krebs, AMRAAM program director with Raytheon Missile Systems. "Raytheon has worked extremely hard to make certain our end-user customers continue to receive AMRAAM missiles on schedule."

About AMRAAMAMRAAM is a combat-proven missile that has demonstrated operational flexibility in both air-to-air and surface-launch engagement scenarios and provides today's warfighter with enhanced operational capability, cost effectiveness and future growth options and solutions.

Procured by 36 countries, the combat-proven AMRAAM has been operational and integrated on the F-16, F-15, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier and F-4, and integration is ongoing in the Joint Strike Fighter aircraft. It is also the baseline missile for the NATO-approved National Advanced Surface-to-Air Missile System.

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 Contacts

Holly Caldwell+1.520.665.7608

John Patterson+1.520.440.2194

rmspr@raytheon.com

SOURCE Raytheon Company

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 This material may not be published, broadcast, rewritten or redistributed.

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