South Africa Buys Smart Bombs from Raytheon

Raytheon (NYSE: RTN) won a deal from the South African Department of Defense for Paveway II laser-guided bombs.  Terms of the deal were undisclosed.

“The combat-proven Paveway family of weapons is integrated on more than 22 aircraft and serves 41 nations around the globe, making this weapon the ideal choice for the South African warfighter, ” said Harry Schulte, vice president of Raytheon’s Air Warfare Systems product line. “Raytheon is the sole provider of the Paveway family of weapons and is committed to providing the warfighter with a reliable direct-attack weapon at a cost-effective price.”

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