16:28 GMT, March 17, 2010 WASHINGTON | Raytheon Company's (NYSE: RTN) Missile Systems business has established a missile defense product line. Already a world leader in missile defense, the company's new Air and Missile Defense Systems product line will create even greater alignment with its Missile Defense Agency customer.

"Missile defense is a major component of the company's portfolio," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "With a broad array of products and solutions, Raytheon is ideally positioned to meet present and emerging missile defense requirements."

The Air and Missile Defense Systems product line includes proven RMS missile defense programs such as Standard Missile-3, Exoatmospheric Kill Vehicle and development programs such as the Network Centric Airborne Defense Element.

"This move positions us for greater customer and mission focus, which will lead to even higher quality and execution," added Lawrence.