Business

December 17, 2012

Raytheon awarded $108 million for SM-2 production

The U.S. Navy has awarded Raytheon a $108 million contract for continued production of Standard Missile-2 all-up rounds, a majority of which will be sold to U.S. allies through foreign military sales.

This award brings the total fiscal year 2011 contract value to more than $200 million.

“The U.S. Navy has committed to supporting SM-2 past 2035, and this contract award reflects our international partners’ desire to maintain this key defensive asset in their inventories,” said Michael Campisi, Raytheon Missile Systems’ senior director for SM-2 and SM-6 production. “The SM-2 production line is open for all our allies’ requirements, and there will be full mission support available throughout the lifecycle of this critical asset.”

SM-2 is deployed by the U.S. and eight allied navies. The missile provides high- and low-altitude intercept capabilities and performance against advanced anti-ship missile threats.

“SM-2 has been the primary surface-to-air fleet-air defense weapon of choice for decades,” said Campisi. “It’s an extremely effective, relevant weapon that will continue to protect navies around the globe for many years to come.”

SM-2 is the world’s premier fleet-area air defense weapon, providing protection from a wide range of advanced threats.

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 25, 2014

News: VA reform bills stalled by partisan bickering - Plans for a comprehensive Veterans Affairs Department reform bill that appeared all but finished a month ago devolved into partisan bickering and funding fights July 24, casting doubt on the future of a deal.   Business: Airbus, Boeing, Lockheed announce bids on Danish fighter competition; Saab withdraws -...
 
 

News Briefs July 25, 2014

Marines investigate corporal who vanished in Iraq U.S. Marine Corp officers are launching a formal investigation into whether a Lebanese-American Marine deserted his unit in Iraq or later after returning to the United States. A spokesman for the 2nd Marine Expeditionary Force at Camp Lejeune said July 24 that Cpl. Wassef Ali Hassoun is being...
 
 
Air Force photograph by A1C Erin OíShea

U.S. Forces display military might at Farnborough

Air Force photograph by A1C Erin O’Shea Capt. Tom Meyers discusses the F-15E Strike Eagle’s capabilities with spectators July 17, 2014, at the Farnborough International Airshow in England. Public access was granted ...
 

 
raptors4

Raptors, Falcons fuel up in desert skies

Three U.S. Air Force F-22 Raptors assigned to the 325th Fighter Wing, Tyndall Air Force Base, Fla., fly alongside a KC-135 Stratotanker assigned to the 93rd Air Refueling Squadron, Fairchild AFB, Wash., during Red Flag 14-3, Ju...
 
 
lm-kmax

Lockheed Martin’s unmanned cargo helicopter team returns from deployment

After lifting more than 4.5 million pounds of cargo and conducting thousands of delivery missions for the U.S. Marine Corps, the Lockheed Martin and Kaman Aerospace Corporation K-MAX cargo unmanned aircraft system has returned ...
 
 
Air Force photograph by A1C Thomas Spangler

Sun sets on Red Flag 14-3

Air Force photograph by A1C Thomas Spangler The sun sets behind a row of F-16 Fighting Falcons during Red Flag 14-3, July 16, 2014, at Nellis Air Force Base, Nev. Red Flag provides a series of intense air-to-air combat scenario...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>