Raytheon Awarded $89 Million For Stinger Foreign Military Sales
(Source : Raytheon Co. ; issued Feb. 19, 2001)
TUCSON, Ariz.---Raytheon Company has been awarded an $89 million not-to-exceed contract by the U.S. Army for 1,007 Stinger Block 1 missiles and equipment for foreign military sales to Italy, Greece and the United Kingdom.
The missiles will be divided among the U.S. NATO allies with a completion date of 2004. Raytheon's Missile Systems business unit produces the Stinger Block 1 missiles for U.S. forces as well as numerous NATO allies and international customers. The production work will be performed at Raytheon facilities in Tucson, Ariz., Farmington, N.M., and various locations outside the U.S.
The Army's Stinger missile is the world's most advanced short-range, fire-and-forget air defense weapon system and the only short-range air defense missile system in the United States defense inventory. Stinger Block 1 is a multi-role missile used in both air defense and helicopter air-to-air missions.
"Foreign military sales are key to maintaining an industrial base, supporting local economies, reducing the cost of U.S. Army systems, and providing a coalition warfighting capability with our allies," said Col. Robert F. Arnone, project manager of the Army's Short Range Air Defense Project Office.
With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.
The Stinger family of missiles is the backbone for the U.S. Army and the U.S. Marine Corps Short Range Air Defense; it is the only U.S. Army aviation air-to-air missile. Stinger is operational in the U.S. armed services and in those of 18 allied nations.
It is deployed on a wide variety of platforms including the Army's Avenger, Linebacker and Bradley vehicles; the Kiowa Warrior and Blackhawk helicopters; Navy special operating ships; and the Marine Corps' Avenger and Light Armored Vehicle-AD.
Raytheon has delivered more than 41,000 Stinger-RMP missiles, and more than $4 billion has been invested in Stinger weapon systems and platforms. Stinger Block 1 is the newest version of the Stinger missile with hardware and software modifications to insure high probability of kill against advanced air threats, such as cruise missiles, modern attack helicopters and unmanned aerial vehicles.