Raytheon Miniature Air Launched Decoy Jammer to Begin Production

The U.S. Air Force reached a Milestone C decision on Raytheon Company's (NYSE: RTN) Miniature Air Launched Decoy Jammer variant, authorizing Raytheon to begin Low Rate Initial Production of the system. The Air Force also exercised a contract option and awarded Raytheon $5 million to convert Lot 4 MALD(r) production of the baseline to the MALD-J variant. "MALD-J will save the lives of aviators because commanders will be able to use MALD-J to conduct dangerous stand-in jamming missions instead of using manned aircraft to do the job," said Harry Schulte, vice president of Raytheon Missile Systems' Air Warfare Systems product line. "The 125 Raytheon employees who make MALD and the hundreds of suppliers across the nation who support MALD can be proud of their contribution to the warfighter."

Source: Raytheon Corporation (NYSE: RTN)
Date: Dec 1, 2011