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RAYTHEON AWARDED $49 MILLION CONTRACT FOR STANDARD MISSILES

 LEXINGTON, Mass. Nov. 16 ~PRNewswire~ -- The U.S. Navy's Sea System Command has awarded a $49.5 million contract to Raytheon Company for the production of 215 Standard (SM-2) Missiles.
 The contract represents the Navy's exercise of an option on an October, 1991, competitive contract in which Raytheon won 65 percent of three years' production of SM-2 Missiles. To date, the contract has resulted in orders totaling $178.7 million for 744 missiles and associated equipment for U.S. and foreign navies.
 The SM-2 is a ship-launched guided missile used to protect the fleet against attacking aircraft and anti-ship cruise missiles. The 215 missiles in the current order will be produced at Raytheon's plant in Bristol, Tenn., and assembled and tested at the company's plant in Chattanooga. The order represents 65 percent of the Navy's total requirement for fiscal year 1993.
 Raytheon, headquartered in Lexington, Mass., is a $9.3 billion diversified, international, technology based company with sales in four business segments: electronics, aircraft products, energy and environmental services, and major appliances.
 -0- 11~16~92
 ~CONTACT: Dick Sherman of Raytheon, 617-860-2412~
 (RTN)


CO: Raytheon Company ST: Massachusetts IN: ARO SU: CON

TM -- NE012 -- 1233 11~16~92 11:34 EST
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Publication:PR Newswire
Date:Nov 16, 1992
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