Raytheon awarded $80.5 million for Joint Standoff Weapon C-1

TUCSON, Ariz., July 10, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received an $80.5 million production contract award from the U.S. Navy to procure Joint Standoff Weapon (JSOW) C-1's. The contract was awarded in Raytheon's second quarter of 2013.

"JSOW C-1 enables the warfighter to precisely engage targets well beyond most enemy air defenses, thus limiting the threat of adversarial forces," said Celeste Mohr, JSOW program director for Raytheon Missile Systems. "JSOW is exceptionally dependable and provides immeasurable value to the warfighter."

The JSOW C-1 adds a weapon datalink radio and modified seeker software to the existing JSOW C, which increases the anti-surface warfare mission capability. The weapon is designed to provide fleet forces with the capability and flexibility to engage moving maritime targets, while retaining its robust capability against stationary land targets.

"With more than 400 JSOW A's employed in combat, this weapon has stood the tests of time," said Harry Schulte, vice president of Air Warfare Systems for Raytheon Missile Systems. "Furthermore, the JSOW program has sustained on-time deliveries for 11 years while concurrently maintaining costs. The JSOW has a remarkable record of reliability, resourcefulness and accuracy."

Work on the contract will be performed in Tucson, Ariz.; Cedar Rapids, Iowa; McAlester, Okla.; and Dallas, Texas. Delivery of the missiles is scheduled to begin in the second quarter of 2014.

About the Joint Standoff Weapon
JSOW is a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal imaging infrared seeker. JSOW C-1 adds the two-way Strike Common Weapon Datalink to the combat-proven weapon, enabling a moving maritime target capability. JSOW C-1 will provide an advanced anti-surface warfare solution on the F/A-18 Super Hornet aircraft.

About Raytheon
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 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 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.

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SOURCE Raytheon Company

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