Raytheon Company (NYSE: RTN) has received a direct commercial sales contract from The Sultanate of Oman for the National Advanced Surface-to-Air Missile System (NASAMS). The award, valued at $1.28 billion, includes ground support equipment, a full training package, and technical assistance. NASAMS is the trusted system that protects critical assets in six nations, including the U.S. National Capital Region.
The contract, which was awarded in the fourth quarter of 2013, was announced in Oman at a signing ceremony attended by Mohammed bin Nasser al Rasbi, Secretary General at the Ministry of Defence, Air Vice Marshal Matar bin Ali al Obaidani, Commander of the Royal Air Force of Oman, the US ambassador to the Sultanate, the US Military Attache and Tom Kennedy, Chief Operating Officer, Raytheon Company.
"The Sultanate of Oman's competitive selection of Raytheon's National Advanced Surface-to-Air Missile System (NASAMS) validates the superior performance, system adaptability and overall security that NASAMS provides," said Dan Crowley, president of Raytheon Integrated Defense Systems (IDS). "Raytheon is committed to delivering the exceptional defense capabilities of NASAMS to Oman."
Raytheon, along with its long term partner KONGSBERG, will supply the system to The Sultanate of Oman. Work under this contract will be performed by Raytheon at the Integrated Air Defense Center in Andover, Mass. and in Kongsberg, Norway.
As part of Raytheon's integrated air and Missile defense portfolio, NASAMS works seamlessly with the Patriot Air and Missile Defense System and the Hawk Air Defense system. In addition to the U.S. National Capital Region, NASAMS is operationally deployed in Norway, The Netherlands, Spain, Finland and one additional country.
Source: Raytheon Corporation (NYSE: RTN)
Date: Jan 23, 2014