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Business/Financial

Raytheon Gains $30 Million For SLAMRAAM Long-Lead Work

DDN

Monday, June 1st, 2009

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The Army gave Raytheon Co. [RTN] up to $30 million for Surface Launched Medium Range Air-to-Air Missile (SLAMRAAM) long-lead purchases. They will facilitate later low rate initial production. SLAMRAAM is a tailorable, state-of-the-art air defense system that can defeat current and emerging cruise missile threats, unmanned aerial systems and a wide range of air breathing threats. It provides the warfighter with a system of highly mobile battlefield elements networked and geographically distributed to provide integrated fire control capability against airborne…

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