Raytheon Wins $167 Million Navy Missile Contract

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June 30, 2009 (FinancialWire) -- The U.S. Navy has awarded Raytheon Co. (NYSE: RTN) a $166.9 million contract for production and delivery of the AIM-9X infrared-guided air-to-air missile.

According to Raytheorn, the firm-fixed-price contract will provide the U.S. military and its allies with AIM-9X Block I missiles and introduce into the inventory the new AIM-9X Block II captive air training missile.

Raytheon has delivered more than 3,600 AIM-9X Block I missiles to eight countries and is on contract to deliver missiles to two additional countries. In 2008 the U.S. Navy test fired the first AIM-9X Block II as part of developmental testing.

Waltham, Massachusetts-based Raytheon specializes in defense, homeland security and other government markets. The company provides electronics, mission systems integration and other capabilities in the areas of sensing effects and command, control, communications and intelligence systems, as well as a range of mission support services. Raytheon employs 73,000 people worldwide.

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