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Raytheon awarded $80.5 million for Joint Standoff Weapon C-1

Variant provides enhanced capability to warfighter Raytheon Company (NYSE: RTN) received an $80.5 million production contract award from the U.S. Navy to procure Joint Standoff Weapon (JSOW) C-1's. The contract was awarded in Raytheon's second quarter of 2013. "JSOW C-1 enables the warfighter to precisely engage targets well beyond most enemy air defenses, thus limiting the threat of adversarial forces," said Celeste Mohr, JSOW program director for Raytheon Missile Systems. "JSOW is exceptionally dependable and provides immeasurable value to the warfighter." The JSOW C-1 adds a weapon datalink radio and modified seeker software to the existing JSOW C, which increases the anti-surface warfare mission capability. The weapon is designed to provide fleet forces with the capability and flexibility to engage moving maritime targets, while retaining its robust capability against stationary land targets. "With more than 400 JSOW A's employed in combat, this weapon has stood the tests of time," said Harry Schulte, vice president of Air Warfare Systems for Raytheon Missile Systems. "Furthermore, the JSOW program has sustained on-time deliveries for 11 years while concurrently maintaining costs. The JSOW has a remarkable record of reliability, resourcefulness and accuracy." Work on the contract will be performed in Tucson, Ariz.; Cedar Rapids, Iowa; McAlester, Okla.; and Dallas, Texas. Delivery of the missiles is scheduled to begin in the second quarter of 2014.

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