Raytheon Awarded $26 Million Production Contract for Joint Standoff Weapon

    TUCSON, Ariz., July 7 /PRNewswire/ -- Raytheon Company (NYSE:   RTN) has
 been awarded a contract modification for low rate initial production (LRIP) of
 the Joint Standoff Weapon (AGM-154C) for the U.S. Navy.  The LRIP contract,
 valued at approximately $26 million, was made by the Naval Air Systems
 Command, Patuxent River, Md.
     The U.S. Navy exercised an option on an existing JSOW (AGM-154A) contract
 to reallocate funds for JSOW-C LRIP. The work will be performed at Raytheon
 Missile Systems in Tucson and will be completed by February 2005.
     "This is a tremendous and very important addition to the already
 demonstrated combat power of JSOW," said Cdr. Phil Yates, Naval Air Systems
 Command JSOW deputy program manager.  "JSOW-C allows our war fighters to reach
 out and destroy point and hardened targets from well outside the range of most
 enemy air defense."
     "This contract award is a testament to the outstanding efforts by the
 entire JSOW-C development team, including Raytheon, the Navy, and the BAE
 Systems and Team Broach," said Wade Smith, Raytheon's JSOW program director.
     JSOW is a joint Navy and Air Force program. It is a family of low-cost,
 air-to-ground weapons that employs an integrated Global Positioning
 System/Inertial Navigation system that guides the weapon to the target.
     The AGM-154C JSOW incorporates a Raytheon-developed uncooled, long-wave
 imaging infrared seeker with automatic target acquisition (ATA) algorithms,
 thus providing the U.S. Navy with a launch-and-leave weapon with long-range
 standoff, highly survivable, precision strike capability.
     The AGM-154C is the first U.S. weapon to incorporate the Broach multi-
 stage blast fragmentation/penetrator warhead, and the Multi-Application Fuze
 Initiation System (MAFIS) developed by Team Broach.
     The contract award follows a successful development program highlighted by
 four very successful free-flight demonstrations of the new JSOW-C seeker and
 independent U.S. Navy sled testing of the Broach warhead. The flights
 successfully demonstrated the capability of the weapon's imaging infrared
 seeker and ATA technology to hit various targets with high precision.
     The JSOW is a low cost family of long-range glide weapons using a common
 delivery vehicle for different payloads. The JSOW-A is in production and
 delivers the BLU-97 Combined Effects Bomblets for area targets. It has been
 used successfully in combat operations. The JSOW-A version is being produced
 for the U.S. Navy and U.S. Air Force for use on the F/A-18, F-16, F-15, B-1,
 B-2 and B-52 aircraft.  JSOW-C is planned for use on the U.S. Navy F/A-18 and
 Joint Strike Fighter Block II.
     Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader
 in defense, government and commercial electronics, space, information
 technology, technical services, and business and special mission aircraft.
 With headquarters in Lexington, Mass., Raytheon employs more than 76,000
 people worldwide.
 
     Contact:
      Jennifer Allen
      520.794.4182
 
 

SOURCE Raytheon Company

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