TUCSON, Ariz., June 21, 2017 /PRNewswire/ -- Due to global
demand, Raytheon Company (NYSE: RTN) has restarted its Standard
Missile-2 production line to meet the needs of four international
customers who aligned requirements and pooled resources to make a
'bundle' purchase through foreign military sales.
The Netherlands, Japan, Australia and South
Korea are purchasing SM-2 under this new contact. The
missile defends navies against anti-ship missiles and aircraft out
to 90 nautical miles and an altitude of 65,000 feet. SM-2 has an
extensive flight test history with more than 2,700 successful live
firings.
"For many of our allies, SM-2 is the backbone of their fleet
defense, but in 2013, we simply didn't have the international
orders necessary to keep the production line going," said Dr.
Taylor W. Lawrence, president of
Raytheon Missile Systems. "That's changed now, and we'll continue
producing SM-2s well beyond 2035."
New deliveries are scheduled to begin in 2020 and will include
more than 280 SM-2 Block IIIA and IIIB missiles. Raytheon and the
U.S. Navy are using the restart as an opportunity to modernize
production and testing processes inside the SM-2 factory.
SM-2 international customers include: Australia, Canada, Germany, Japan, Korea, the
Netherlands, Spain and
Taiwan.
About Raytheon
Raytheon Company, with 2016 sales of
$24 billion and 63,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 95 years, Raytheon provides state-of-the-art
electronics, mission systems integration, C5ITM 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.
Media Contact
Tara
Wood
+1.520.746.2097
rmspr@raytheon.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/global-demand-sparks-standard-missile-2-production-restart-300477455.html
SOURCE Raytheon Company