TUCSON, Ariz., Aug. 23, 2016 /PRNewswire/ -- The U.S. Army
has awarded Raytheon Company (NYSE: RTN) a $5.7 million risk-mitigation contract for the
Long Range Precision Fires program. The new missile will
replace the Army's aging inventory of long range,
surface-to-surface missiles. Fired from mobile launchers, LRPF will
fly farther, faster, and feature a new warhead.
"As the world's largest missile maker, Raytheon is ideally
positioned to develop the Long Range Precision Fires solution the
Army needs," said Dr. Thomas
Bussing, Raytheon Advanced Missile Systems vice president.
"With our wide portfolio of products, proven technology and guided
missile expertise, Raytheon can deliver a low-risk, highly
effective and affordable solution."
The Army's current inventory of long range, precision-guided,
surface-to-surface missiles dates back to the 1980s. The new
LRPF missile will be more affordable, survivable against advanced
threats, and more compact, allowing the Army to double the fire
power of long-range missiles in its mobile launchers.
Under the 9-month risk-reduction contract, Raytheon will conduct
baseline system design. The Army is expected to solicit
proposals for a more comprehensive technical maturation/risk
reduction phase later, an effort that will culminate in flight
testing.
About Raytheon
Raytheon Company, with 2015 sales of
$23 billion and 61,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 94 years, Raytheon provides state-of-the-art
electronics, mission systems integration,
C5I™ products and services, sensing, effects, and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham,
Massachusetts. Follow us on Twitter @Raytheon.
Media Contact
Lorenzo R.
Cortes
+1.520.794.2920
rmspr@raytheon.com
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SOURCE Raytheon Company