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Lithuania, Jordan Agree to Purchase Raytheon-Lockheed Martin Javelin Anti-tank Weapon System

TUCSON, AZ, January 11th, 2002 -- The U.S. Army has executed two Letters of Agreement (LOA) paving the way for the sale of the Javelin anti-tank weapon system to international customers in Europe and the Middle East, the Raytheon-Lockheed Martin Javelin Joint Venture announced today.

The agreement with the government of Lithuania, signed at a ceremony in Vilnius Dec. 17, 2001, represents the first European sale of Javelin. It is expected to result in an award to the Joint Venture of $10 million.

Jordan became the first Middle East customer for Javelin 10 days later when representatives of the U.S. Army and Jordan signed the LOA at a ceremony in Amman. It is expected to lead to a $12 million contract for the Joint Venture, and it may pave the way for additional Javelin foreign military sales in the region.

The Lithuanian sale includes more than 75 missiles and 18 command launch units, training devices, logistics support, associated equipment and training.

"Javelin ensures the Lithuanian armed forces have the world's best anti-tank weapon suitable for worldwide employment, with highest soldier survivability and system lethality, at the lowest support and life cycle cost," said Col. John Weinzettle, U.S. Army Close Combat Missile Systems (CCMS) project manager.

"Javelin's multi-mission capabilities give infantry soldiers the means to engage alternate targets, such as field fortifications, buildings, helicopters and small boats. Javelin also provides interoperability with U.S. and other forces in times of crisis," he said.

The sale to Jordan includes the purchase of more than 110 missiles and 30 Command Launch Units (CLU), training devices, logistics support, associated equipment and training.

"We are extremely pleased to introduce Javelin to the international defense community," stated Mike Crisp, president, Javelin Joint Venture. "The lightweight, Javelin anti-armor weapon system can be quickly deployed wherever needed and immediately available to engage the enemy. The one-man-transportable Javelin, with its ability to destroy both armor and fixed targets, such as bunkers and buildings, meets that need."

"Javelin's infrared seeker is resistant to countermeasures and battlefield obscurants, which is critical in combat," said Howard Weaver, Javelin Joint Venture vice president. "Javelin is also safe to fire from enclosures and it can be fired three times in less than 90 seconds. These features, which no other system has demonstrated, make Javelin the best choice for Jordan and others in the international defense community."

Raytheon Company, which leads the Joint Venture, provides system engineering management and support for the Javelin Joint Venture and produces the CLU, missile guidance electronic unit and system software. Work is performed primarily at its Missile Systems business unit in Tucson, Ariz., and at other Raytheon facilities in Texas, Massachusetts and California.

Lockheed Martin provides missile engineering and production support for the Javelin Joint Venture in Orlando, Fla., produces the missile seeker in Ocala, Fla., and performs missile all-up-round assembly in Troy, Ala.

The Javelin medium-range, anti-tank missile system is the world's first one-man transportable and employable fire-and-forget anti-armor missile system. Javelin is approved for international sales through the U.S. Army's Foreign Military Sales system and is available to meet national requirements for next-generation anti-armor weapon systems.

With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTN) is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.

Lockheed Martin Missiles and Fire Control
Nettie Johnson 407-356-5351, e-mail, nettie.r.johnson@lmco.com

Raytheon
Jennifer Spears 520-794-4182