Raytheon Nabs $34M for Laser-Guided Missile

Raytheon Co., headquartered in Waltham, Mass., has been awarded $34.4 million by the United States Air Force 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.

For more information, visit: www.raytheon.com