USAF Awards Raytheon $34 M for Laser-Guided Maverick

(Amman, Jordan, May 10, 2010) -- The U.S. Air Force awarded Raytheon Company (NYSE: RTN) $34.4 million to continue design work on the AGM-65E2/L laser-guided Maverick missile, the newest variant of the Maverick. The contract requires Raytheon to develop, integrate and test the missile's guidance and control section.

"The laser-guided Maverick is an ideal weapon for urban combat and high-speed maneuvering targets," said Harry Schulte, vice president of Raytheon Missile System's Air Warfare Systems product line. "The combat-proven Maverick is integrated on more than 25 aircraft in 33 nations, and we hope to have the newest addition to the Maverick family available for export soon."

The laser-guided Maverick will have an enhanced laser seeker and new software, reducing the risk of collateral damage and enabling aviators to use onboard aircraft lasers to designate targets.

Source : Raytheon Corporation (NYSE: RTN)