Raytheon Awarded $19 M US Navy Missile Launcher Contract

(Indianapolis, April 21, 2010) -- The U.S. Navy's Naval Air Systems Command has awarded Raytheon Company (NYSE: RTN) an $18.9 million firm-fixed-price contract to produce LAU-115D/A and LAU-116B/A missile launchers.

The launchers are used on Navy F/A-18E/F and E/A-18G aircraft. They provide the structural and electrical interfaces that allow the aircraft to carry and launch missiles such as the Advanced Medium-Range Air-to-Air Missile (AMRAAM) and AIM-9X Sidewinder.

The launchers will be built at the Raytheon Technical Services Company LLC facility in Indianapolis, Ind. Work on this contract is expected to be completed in September 2012.

Source : Raytheon Corporation (NYSE: RTN)