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New Zealand selects Raytheon-Lockheed Martin Javelin anti-tank weapon system

TUCSON, Ariz., (Jan. 30, 2003) -- The New Zealand Army has selected the Raytheon-Lockheed Martin Javelin anti-tank weapon system to meet its medium range anti-armor weapon capability.

The number of Command Launch Units (CLU), missile quantities, along with associated support equipment, spares and training are yet to be determined.

"Javelin's low life cycle and support cost, coupled with its unmatched lethality and operator survivability provides the New Zealand armed forces with the best anti-armor weapon system in the world ," said Col. John Weinzettle, U.S. Army Close Combat Missile Systems (CCMS) project manager. "It also ensures equipment standardization with U.S. Army, Marine Corps and Special Operations Forces deployed throughout the world."

"Javelin is not only the world's most lethal medium range anti-armor system, but the weapon is ideally suited for engaging bunkers, buildings and field fortifications," said Mike Crisp, president, Javelin Joint Venture. "With its sophisticated missile seeker and tracker, the lightweight, one man-transportable Javelin anti-armor weapon system has consistently demonstrated a greater than 90 percent first-time gunner success rate.

"Javelin, with its stand-alone surveillance capability, is ideally suited for U.N. Peace Keeping and Peace Enforcement operations ," said Howard Weaver, Javelin Joint Venture vice president. "Additionally, Javelin has tremendous growth potential with the missile's modular construction, CLU software enhancements and its adaptability to a wide range of platforms."

New Zealand intends to introduce the Javelin anti-armor weapon system into service in 2004, to coincide with the introduction of the Light Armored Vehicle.

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.

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 Raytheon Missile Systems 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.

Raytheon Company (NYSE: RTN), with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

Headquartered in Bethesda, Md., Lockheed Martin (NYSE: LMT) is a global enterprise principally engaged in research, design, development, manufacture and integration of advanced-technology systems, products and services. The corporation's core businesses are systems integration, space aeronautics and technology services.

Notes to Editors:

Javelin has been selected by Lithuania, Jordan, Australia, New Zealand, Taiwan and the United Kingdom.

Raytheon Company leads the Javelin Joint Venture (60/40 percent).

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