M2 PressWIRE - June 19, 2007 - Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and large cap needs. While working to keep you in touch with market activity, we also will keep you updated on the latest press. Today we have identified, Raytheon Company (NYSE:RTN) due to the attention they received after this recent corporate developments.
Raytheon Company (NYSE:RTN) announced June 19th an increased capability for its International Surface Launched, Advanced Medium-Range Air-to-Air Missile system (SL-AMRAAM) during a briefing at the Paris Air Show today.
With today's announcement, the International SL-AMRAAM system will be able to offer the added capabilities of the AIM-9X and SL-AMRAAM-ER (extended range) missiles, in addition to the already available, widely used and combat- proven AMRAAM missile.
"Available, affordable and even more adaptable," said Skip Garrett , vice president of International Operations for Raytheon Integrated Defense Systems. "SL-AMRAAM provides the warfighter with an effective and fully integrated air defense solution for maneuver forces, critical assets and homeland defense missions today and in the future. The addition of these two types of missiles will provide greater flexibility to match the most appropriate missile to the anticipated threat."
The SL-AMRAAM is a state-of-the-art air defense system that can defeat current and emerging cruise missiles and a wide range of air breathing threats. SL-AMRAAM provides a reliable, combat-proven capability to protect critical assets in maneuver warfare or homeland defense missions. This available, affordable and adaptable system is interoperable with the PATRIOT and other air defense systems.
SL-AMRAAM is already employed with a number of NATO nations and has been selected by the U.S. Army as the next-generation, medium-range air and missile defense system.
SL-AMRAAM is deployed in the U.S. today as a component in the United States Capital Region homeland defense architecture. Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency , the U.S. Armed Forces and the Department of Homeland Security .
Raytheon Company , with 2006 sales of $20.3 billion , is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass. , Raytheon employs 73,000 people worldwide.
During mid-day trading shares are up .75% to $56.17 with over 830,000 in volume. The Exploration Investor Research Team will continue to gauge the short and long term affects that this announcement will have on the company.
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