Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Raytheon Paveway IV(TM) Enters Service on U.K. Harrier GR9 Aircraft

Wed. December 10, 2008; Posted: 03:57 PM
Stocks RSS
HARLOW, England, Dec. 10, 2008, 2008 /PRNewswire via COMTEX/ -- RTN | Quote | Chart | News | PowerRating -- Raytheon Company's (NYSE: RTN | Quote | Chart | News | PowerRating) Paveway IV weapon system completed all evaluation activities, clearing it to enter service with the U.K.'s Royal Navy and Royal Air Force Harrier GR9 aircraft.

Following the demonstration of capability trials at the U.S. Navy's Air Warfare Center China Lake, Calif., the U.K. Ministry of Defence accepted the weapon system into operational service.

"This is a tremendous achievement and a testament to the team ethos and trust forged between all stakeholders," said John Michel, Raytheon Systems Limited acting director of Precision Systems. "Paveway IV provides the U.K. MoD with a world-class strike capability, advanced flexibility and significantly improved safety characteristics. Raytheon is proud to have delivered this system to the U.K. Armed Forces in support of current operational requirements."

U.K. MoD Freefall Integrated Project Team Leader Captain Howard Holdsworth, Royal Navy, said: "Paveway IV will provide those at the front line with a hugely flexible and very welcome capability. This is the culmination of a tremendous amount of hard work on the part of the stakeholder community, both in the MoD and Industry. We can be justifiably proud of our achievements; Paveway IV is a very capable weapon system indeed."

Paveway IV is being integrated onto all U.K. fixed-wing strike platforms including the Tornado GR4, Eurofighter Typhoon and the Joint Combat Aircraft.

The Paveway IV weapon system provides a low-cost, day-or-night, all-weather, general purpose precision bombing capability. Compared with standard 500-pound class weapons, the enhanced capabilities of Paveway IV include: insensitive munition warhead with increased penetration; cockpit selectable terminal fuzing with air burst and post impact delay; highly reliable second environment sensing via unique arming maneuver; delayed arming to minimize collateral damage; and GPS anti-jam resistance via inertial-only guidance mode.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 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 72,000 people worldwide.

Contacts: Robin Hughes Media Relations Manager +44 (0)7918 748482 mobile Robin.Hughes@raytheon.co.uk Mike Nachshen 520.794.4088 - office 520.269.5697 - mobile Michael_nachshen@raytheon.com

SOURCE Raytheon Company

http://www.raytheon.com

For full details on Raytheon Co (RTN) click here. Raytheon Co (RTN) has Short Term PowerRatings of 5. Details on Raytheon Co (RTN) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [RTN]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.