Raytheon Laser-Guided Maverick on Track for Testing

(Orlando, Fla., February 17, 2010) -- Raytheon Company's (NYSE: RTN) AGM-65E2/L, the newest variant of the laser-guided Maverick missile, is on track to enter developmental and operational testing.

The laser-guided Maverick missile is a direct-attack, air-to-ground precision munition used extensively by the U.S. Air Force, Navy and Marine Corps in ongoing combat operations.

"Raytheon, the U.S. Air Force and the U.S. Navy just finished a critical design review, and the team is now in the process of building hardware needed to begin rigorous design verification and qualification testing of key subsystems," said Darryl Kreitman, director of Raytheon's Maverick program. "Raytheon is working with key suppliers to ensure production begins as soon as the operational testing phase of the program concludes."

The AGM-65E2/L will have an enhanced laser seeker and new software, reducing the risk of collateral damage and enabling aircraft to use onboard lasers to designate targets.

"In my opinion, the laser-guided Maverick is an ideal weapon for urban combat and high-speed maneuvering targets," said Col. Perry Oaks, commander of the U.S. Air Force's 784th Combat Sustainment Group. "Maverick is widely integrated and combat proven and offers our nation's allies a best-value precision solution."

Source : Raytheon Corporation (NYSE: RTN)