Raytheon Wins $190M Air Force Deal for Reaper Drone Targeting System

Raytheon Co. (NYSE: RTN) has won a $191 million U.S. Air Force contract to provide 149 multispectral targeting systems for the branch’s General Atomics-built MQ-9 Reaper unmanned aerial vehicles. The company will begin delivering the systems in January 2013 and also provide support systems and spares, according to a Tuesday company announcement. Raytheon said the system aims to provide long-range...