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Raytheon SLAMRAAM Gets $18M

Raytheon Company’s (NYSE: RTN) Surface Launched Advanced Medium Range Air-to-Air Missile (SLAMRAAM) program has been granted approval from the U.S. Army for long-lead purchases, not to exceed $18 million, leading to low rate initial production.

This approval is significant as it underscores the Army’s confidence in the system and the capability it brings to the warfighter. This funding will accelerate the manufacturing schedule for key command and control components subsequent to the U.S. Army Milestone C decision planned for next year.

“SLAMRAAM represents an important step forward in the defense of our troops on the battlefield as well as our nation and allies, ” said Karen Kalil-Brown, vice president for Raytheon Integrated Defense Systems’ National & Theater Security Programs. “SLAMRAAM will field the first command and control air defense system supporting the Army’s vision of ‘system of systems.'”

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