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Business/Financial

Raytheon Gains $106 Million Pact Providing JSOWs To Navy, Allies

DDN

Monday, March 23rd, 2009

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The Navy gave Raytheon Co. [RTN] a $106 million contract to produce Joint Standoff Weapon C-1 missiles for the Navy and key allies. The new C-1 variant will be network-enabled, able to engage time-sensitive targets. JSOW is a family of low-cost air-to-ground weapons that employs an integrated GPS/Inertial Navigation System that guides the weapon to the target. JSOW C-1 adds moving maritime target capability and a two-way data link. Phyllis McEnroe, Raytheon JSOW program director, said that "the JSOW family…

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