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Raytheon goes to work for Air Force for $77.4 million

Raytheon announced on Thursday that the U.S. Air Force had awarded it a $77.4 million contract to deliver AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for Korea and Taiwan.

Employed by the military units of 33 countries,   over 69, 000 missiles belonging to the AGM-65 Maverick family have been produced since its inception. The missiles boast a 93 percent kill rate. The terms of this contract call for Raytheon to build more than 250 of them and also provide life-cycle support.

“Integrated on more than 25 aircraft, Raytheon’s Maverick is an affordable, combat-proven missile with a history of on-cost and on-schedule delivery, ” said Harry Schulte, VP of the company’s Missile System’s Air Warfare Systems’ product line.

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