TUCSON, Ariz., Sept. 30, 2014 /PRNewswire/ -- Raytheon
Company (NYSE: RTN) has received a contract award from Rafael
Advanced Defense Systems Ltd. valued at $149.3 million to provide products for the Tamir
interceptor used in the defensive Iron Dome Weapon System.
Raytheon will utilize its extensive technology resources and
supplier network to provide a second source of supply for essential
Iron Dome interceptor components. With more than 1,000 successful
intercepts, Tamir is the only combat proven counter rocket,
artillery, and mortar interceptor available for U.S. and coalition
partners today.
"Iron Dome has proven itself time and again by protecting
Israel's population from incoming
rockets, artillery and mortars," said Dr. Taylor W. Lawrence, Raytheon Missile Systems
president. "The sourcing of Tamir interceptor components in the
U.S. will go a long way to ensuring sufficient volumes of available
Tamir missiles for Israel's
defense."
The award builds upon a co-marketing agreement the two companies
have had in place for Iron Dome since 2011.
"The partnership between the Missile Defense Agency and the
Israeli Missile Defense Organization has been extraordinary," said
DiDi Yaari, chief executive officer
of Rafael Advanced Defense Systems. "We're very appreciative of the
U.S.'s support for this life-saving system. Maintaining Iron
Dome's supply gives Israelis great peace of mind."
About Raytheon
Raytheon Company, with 2013 sales of
$24
billion and 63,000 employees worldwide, is a
technology and innovation leader specializing in defense, security
and civil markets throughout the world. With a history of
innovation spanning 92 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 cyber security and 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
@Raytheon.
Media Contact
Heather
Uberuaga
+1.520.891.8421
rmspr@raytheon.com
SOURCE Raytheon Company