Industry: Raytheon awarded $35 million Stinger contract for Republic of Korea delivery
Systems to go aboard Apache helicopters
TUCSON, Ariz., March 31, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) signed a $35 million contract to deliver Stinger® missiles and air-to-air launchers to the Republic of Korea Army in support of their recent procurement of AH-64 Apache helicopters.
Under the previously announced foreign military sale, Raytheon will begin deliveries of the Stinger weapon systems in 2017.
"Stinger provides vital self-protection capabilities as well as defensive counter-air protection of aviation and ground forces," said Michelle Lohmeier, vice president of Raytheon's Land Warfare Systems product line. "Most importantly, Stinger operates day and night, in all environmental conditions and allows for the engagement of multiple targets within seconds."
This agreement highlights a renewed global interest in air-to-air Stinger as a key component of attack and light attack helicopter mission configurations. Stinger greatly enhances the capabilities of the aircraft to successfully perform today's missions while countering existing threats.
"With the emergence of unmanned aerial vehicles in the battlespace and the key role of helicopters, the evolved technology of air-to-air Stinger is easily adapted to defeat evolving threats," said Jack Elliot, Raytheon's Stinger program director. "Stinger is an immediate- response weapon of choice against a wide range of air threats for protection of both fixed sites and maneuver forces."
