Raytheon providing US Marines with Naval Strike Missiles under Other Transaction Authority

Date : 05/07/2019 @ 7:00PM
Source : PR Newswire (US)
Stock : Raytheon Company (RTN)
Quote : 180.285  1.205 (0.67%) @ 3:17PM

Raytheon providing US Marines with Naval Strike Missiles under Other Transaction Authority

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TUCSON, Ariz., May 7, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will integrate the Naval Strike Missile into the U.S. Marine Corps' existing force structure under a $47.59 million Other Transaction Authority agreement with Marine Corps Systems Command. A USMC NSM supports the 2018 National Defense Strategy and Commandant of the Marine Corps modernization efforts.   

Known for its "sea-skimming" capability, the Naval Strike Missile can fly at very low altitudes over water and land. (Photo: Kongsberg)

NSM is a long-range, precision strike missile that can detect and destroy heavily defended land and sea targets at long distances. In 2018, the U.S. Navy awarded Raytheon a contract to manufacture and deliver NSM as the Navy's over-the-horizon weapon system for littoral combat ships and future frigates. The Marine Corps' selection of the Navy's anti-ship missile enhances joint interoperability and reduces costs and logistical burdens.

"This fifth-generation missile adds another dimension for sea control operations and for protection from adversary warships," said Kim Ernzen, vice president of Raytheon Air Warfare Systems.

NSM is the latest product produced in partnership with Norway and its defense leader Kongsberg. A mobile, land-based NSM is deployed with Poland's coastal defense forces.

About Raytheon
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 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.

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Tara Wood
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rmspr@raytheon.com

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SOURCE Raytheon Company

Copyright 2019 PR Newswire

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