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Raytheon Co. reports its Integrated Defense Systems unit has landed $30 million from the U.S. Army for its surface-launched medium range air-to-air missile (SLAMRAAM).
Under the contract, Tewksbury-based Raytheon IDS (NYSE: RTN) will begin long-lead purchases to prepare for low-rate initial production.
The SLAMRAAM system is intended to be a “tailorable” air defense system used to counter current and emerging cruise missile threats and unmanned aerial systems and a wide range of air breathing threats, such as aircraft, missiles and rockets. SLAMRAAM includes mobile, networked battlefield elements, geographically distributed to provide integrated fire control capability against airborne threats.
Last week, Raytheon landed $54 million from the Navy to upgrade radar systems on fighter jets. Under the contract, Raytheon will retrofit Super Hornet block II aircraft with APG-79 active electronically scanned array radars.
Earlier this month, Raytheon IDS landed $115 million from the U.S. Army for Patriot missile systems. Under the contract, Raytheon will upgrade radar components on four Patriot missile systems. The deal was awarded by the Army’s Aviation and Missile Command.
Also this month, Raytheon landed $9 million from the U.S. Army for Patriot missile maintenance. Under the contract, IDS will perform missile maintenance and facilities in the United States and at overseas locations.
Raytheon, with 72,000 employees, reported a 2008 net income of $1.7 billion on revenue of $23.2 billion.
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