Raytheon Restarts Production of Laser-Guided Maverick for USAF, Navy

After more than two decades, Raytheon Company (NYSE: RTN) has formally restarted production of the laser-guided Maverick missile, with the first weapon expected to be delivered to the U.S. Air Force in late 2012.

Production began following a rigorous U.S. Air Force and Navy Developmental Testing/Operational Testing program that culminated in a production contract in late 2011.

"The combat-proven laser Maverick has demonstrated its effectiveness against frigate size ships, small moving boats, tanks, fortified personnel and fast moving maneuvering vehicles in excess of 70 miles per hour," said Harry Schulte, vice president of Raytheon Missile Systems' Air Warfare Systems product line. "We are focused on getting laser-guided Maverick to the U.S. warfighter, and hope to also provide this weapon to U.S. allies since it is available via both Direct Commercial Sales and Foreign Military Sales."

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During DT/OT, U.S. Air Force, Navy and Marine Corps aviators fired 15 AGM-65E2/L laser-guided Maverick missiles at moving and stationary targets, some of which were moving in excess of 70 miles per hour (110 km). The weapons were fired from F-16s, A-10s, the F/A-18 and AV-8B Harriers.

Source: Raytheon Corporation (NYSE: RTN)
Date: Feb 14, 2012