Raytheon Awarded $217.8 Million for AMRAAM Production, Product Improvements.LEXINGTON, Mass.--(BUSINESS WIRE)--May 24, 1999-- Raytheon Company (NYSE NYSE See: New York Stock Exchange :RTNA RTNA Ring Tone No Answer )(NYSE:RTNB) received more than $217 million under three separate contracts for production of and improvements to the AIM-120 Advanced Medium-Range Air-to-Air Missile (AMRAAM AMRAAM Advanced Medium-Range Air-to-Air Missile ). The awards were made by the U.S. Air Force Aeronautical Systems Center Air-to-Air Joint Systems Program Office, Eglin Air Force Base Eglin Air Force Base is the home of the United States Air Force 96th Air Base Wing of the Air Force Materiel Command, and is also headquarters for more than 45 associate units. , Fla. AMRAAM is a software-driven, radar-guided missile that gives pilots the ability to "launch and leave" and to engage multiple targets during a single engagement. More than 10,000 missiles have been produced for U.S. and international customers. The award includes a $173.2 million firm-fixed price contract for Lot 13 (13th annual) production of 483 AMRAAMs, which supports missile deliveries, program engineering and logistic services through July 2001 to the U.S. Air Force (180 missiles) and Navy (100 missiles), as well as Foreign Military Sales That portion of United States security assistance authorized by the Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended. This assistance differs from the Military Assistance Program and the International Military Education and Training Program to Israel, Italy, Japan, Spain and Turkey. The award also covers associated warranties, recertification recertification Recredentialing Graduate education A process in which a professional is periodically re-evaluated–eg, every 10 yrs by an accrediting body to assure continued provision of safe, high-quality health care of the flight termination system command destruct receiver for the U.S. Navy and spares for Spain. The company also received a $36.6 million face value increase to a cost-plus-award-fee contract to provide for the third phase of the Preplanned Product Improvement program. Phase 3 involves engineering and manufacturing development of AMRAAM guidance enhancements. Lastly, the company received a firm-fixed price contract valued at $8 million to provide for AMRAAM repair, support equipment and service life prediction plan support. "These contract awards reinforce the results of AMRAAM's presence in the free world and its unrivaled role as the warfighter?s weapon of choice for air-to-air combat," said Charles D. Anderson, vice president of the company's Air-to-Air product line. Work under these contracts will continue through Sept. 2003 and Jan. 2000, respectively. All work will be performed at Raytheon facilities in Tucson, Ariz., and Andover, Mass. Final assembly and delivery will occur in Tucson. AMRAAM is operational on the F-15, F-16, F/A-18, the German F4F, the United Kingdom's Sea Harrier, as well as the Norwegian Advanced Surface-to-Air Missile System Noun 1. surface-to-air missile system - the shipboard system that fires missiles at aircraft shipboard system - a system designed to work as a coherent entity on board a naval ship . AMRAAM is currently being integrated on the F-22, EF-2000, JAS-39 Gripen, JA-37 Viggen, Harrier II Plus, Tornado, and the HAWK-AMRAAM system. AMRAAM also has been demonstrated on a HMMWV-based system, called HUMRAAM HUMRAAM HMMWV-mounted Advanced Medium Range Air-to-Air Missile system . Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries around the world. |
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