Raytheon-Boeing Team Will Answer Warfighter's Call for Joint Air-to-Ground Missile

TUCSON, Ariz., April 14, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received the U.S. Army and Navy's Joint Air-to-Ground Missile request for proposal and will respond as a prime contractor. Raytheon is teamed with The Boeing Company (NYSE: BA) for the competition.

The team has proven capabilities demonstrated in the JAGM technology demonstration phase and enters the competition with an unmatched 3-for-3 record of success in the contractually required guided test vehicle flights.

"Our proven solution offers the warfighter cost-effective technology at the lowest possible risk," said Bob Francois, Raytheon vice president of Advanced Missiles and Unmanned Systems. "Our three successful JAGM government test shots prove the maturity of our missile system solution."

The Raytheon-Boeing JAGM features a fully integrated tri-mode seeker incorporating semiactive laser, uncooled imaging infrared and millimeter wave guidance. The weapon leverages proven components from other Raytheon and Boeing programs, including the Raytheon Small Diameter Bomb II and previous Boeing-fielded launchers.

"The Raytheon-Boeing team's JAGM reuses existing technology and equipment to keep cost down and reliability high for the warfighter," said Carl Avila, director of Boeing's Advanced Weapons and Missile Systems.

JAGM, designed to replace three legacy systems, offers the warfighter improved lethality, range, operational flexibility, supportability and cost savings compared with older, Cold War-era weapons such as the Hellfire missile.

Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

www.raytheon.com

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 66,000 employees worldwide. Follow us on Twitter: @BoeingDefense.

www.boeing.com

SOURCE Raytheon Company

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