http://biz.yahoo.com, TUCSON: The United Kingdom Ministry of Defence (MOD) has signed a contract with Raytheon Company's Missile Systems business for AIM-120 C-5 Advanced Medium-Range Air-to-Air Missiles (AMRAAM) and associated safety, logistical and surveillance support. The contract has an estimated value of $144 million.
Logistical and surveillance programs will cover a period of 10 years with options to increase it to 25 years.
This U.K. MOD procurement is an interim solution to the overall beyond- visual-range air-to-air missile (BVRAAM) program. The U.K. MOD selected Raytheon's low-risk, low-cost, AMRAAM as the interim solution to the BVRAAM requirement primarily due to AMRAAM's proven capability. AMRAAM is currently in production and in service with 28 nations.
Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.
