Raytheon Awarded US Navy Missile Launcher Contract Valued up to $83 M

• Launchers carry AMRAAM, Sparrow, Sidewinder missiles

Indianapolis - The U.S. Navy's Naval Air Systems Command has awarded Raytheon Company (NYSE: RTN) a contract valued up to $83 million to produce LAU-116B/A missile launchers. The contract includes a $7.3 million firm-fixed-price delivery order for production through December 2013 and includes two one-year options.

The launchers are used on Navy F/A-18E/F and EA-18G aircraft. They provide the structural and electrical interfaces that enable the aircraft to carry and launch missiles such as the AIM-120 Advanced Medium-Range Air-to-Air Missile (AMRAAM), the AIM-7 Sparrow and the AIM-9X Sidewinder. The launchers will be built at the Raytheon Technical Services Company LLC (RTSC) facility in Indianapolis.

"These missile launchers are an important part of America's military arsenal," said RTSC Customized Engineering and Depot Support Vice President Wayne Iurillo. "They are reliable and cost-effective, and we take pride in meeting the Navy's needs for this and other vital equipment on time and on budget."

Source : Raytheon Corporation (NYSE: RTN)