Raytheon Company RTN was
awarded a $422 million contract for its combat-proven Paveway™ II family of
precision-guided munitions. The company was awarded the direct commercial sale
from an international customer. Paveway™ is a Raytheon-designed kit that
transforms "dumb" bombs into precision-guided munitions.
Raytheon continues to evolve Paveway™ to meet the needs of the U.S. armed
forces as well as allied nations. Newer versions of Paveway™ include Global
Positioning System/Inertial Navigation System guidance capabilities, which
combine the precision and flexibility of traditional laser-guided weapons with
the all-weather capability of GPS guidance, resulting in a weapon that
decreases the required sortie count and weapon inventory while simultaneously
increasing the mission success rate.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in