US Navy awards Raytheon $338 million for Tomahawk

TUCSON, Ariz., June 8, 2012 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $338 million contract for the Tomahawk Block IV tactical cruise missile. The contract, which was announced by the Department of Defense on June 7, includes replenishment of weapons used during Operation ODYSSEY DAWN and procurement for the government's fiscal year 2012.

"Tomahawk Block IV is important for U.S. national security because it enables commanders to precisely engage heavily-defended and high-value targets from extremely long distances," said Capt. Joseph Mauser, the U.S. Navy's Tomahawk program manager. "With more than 2,000 combat uses and 500 successful tests, Tomahawk has proven highly reliable and effective."

The contract calls for Raytheon to build and deliver the Tomahawk Block IV cruise missiles, and provide warranties, flight test and life-cycle support. Production is scheduled to begin this year.

"Tomahawk has a record of reliability, effectiveness and accuracy that no other tactical cruise missile in the world can come close to matching," said Harry Schulte, vice president of Raytheon Missile Systems' Air Warfare Systems. "This is made possible by more than 250 Raytheon employees building Tomahawk and supporting its depot, and by our suppliers across the country. They are critical to our success and the security of our country and our allies."

About the Tomahawk Block IV

With a range of more than 1,000 nautical miles (1,150 statute miles), the Tomahawk Block IV is a surface- and submarine-launched, precision-strike, stand-off weapon. Tomahawk is designed for long-range precision-strike missions against high-value and heavily defended targets, such as integrated air defense systems.

Tomahawk Block IV employs a two-way satellite datalink that enables a strike controller to flex the missile in flight to preprogrammed alternate targets or redirect it to a new target. This targeting flexibility includes the capability to loiter over the battlefield and await a more critical target.

• More than 2,000 Tomahawks employed in combat.
• Tomahawk is integrated on a variety of U.S. and U.K. surface and sub-surface platforms, including the Ohio-, Astute- and Trafalgar-class submarines.
• Tomahawk Block IV has a range of more than 1,000 nautical miles (1,150 statute miles).

About Raytheon

Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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 at @raytheon.

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SOURCE Raytheon Company