"We will assemble the missile and launchers in the same Raytheon factories where we produce many of the world's most advanced missiles and other weapons systems," Raytheon Missile Defense Systems President Taylor Lawrence said in a press release.
The Naval Strike Missile is designed to destroy sea and land targets no more than 100 nautical miles in distance, and is set for use on the US Navy’s littoral combat ships.
"[It is] the world's only Fifth Generation Naval Strike Missile with Land Target capabilities for the United States and our allies," Kongsberg Defense Systems President Harald Annestad stated in the release.
Production of the Naval Strike Missiles in the United States will secure ramp up and sustainability, Annestad noted.
Moreover, the agreement will secure jobs in both, the United States and Norway, he added.
The Naval Strike Missile is outfitted with an infrared image seeker and autonomous target recognition. The missile skims just above water level to its target.
The system will be manufactured primarily in the US states of Arizona and Kentucky, according to the release.