Javelin Joint Venture Awarded $29.9 Million for Command Launch Unit Upgrade

TUCSON, Ariz. , Dec. 18, 2008 /PRNewswire/ -- The Raytheon Company (NYSE: RTN)-Lockheed Martin (NYSE: LMT) Javelin Joint Venture received a $29.9 million U.S. Marine Corps contract to upgrade 404 Block 0 command launch units to Block I. The upgrade will extend the detection, recognition and identification range of the CLUs while doubling the operating time.

"One of the many advantages of the Block I is that it increases the radius of lethality by 38 percent," said Duane Gooden , Raytheon Missile Systems Javelin program director and president of the Javelin Joint Venture. "Enemy forces in Iraq and Afghanistan are engaging our warfighters with machine gun fire and mortars at a range of 2,500 meters (more than 8,200 feet). The upgrade to Block I gives U.S. Marines the ability to employ the Javelin missile within that same effective range."

Javelin is the world's first man-portable, fire-and-forget, medium-range missile system. The compact, lightweight missile is designed for one-soldier operations in all environments. The joint venture team began the upgrade program in October 2008 and expects to have it completed by spring 2011.

"This retrofit is a great opportunity to provide CLU Block I technology to the U.S. Marine Corps," said Hady Mourad , Lockheed Martin Javelin program director and vice president of the Javelin Joint Venture. "Our employees are dedicated to providing the best available technology to the great defenders of our nation. Remanufacturing fielded hardware to increase the warfighter's capabilities in the field is only one way we make this happen."

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 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.

Headquartered in Bethesda, MD , Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.

SOURCE Raytheon Company



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