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Raytheon, Boeing Team for Missile Bid

Raytheon (NYSE: RTN) and Boeing (NYSE: BA) will bid for work on the Army and Navy’s Joint Air-to-Ground Missile project.

According to Raytheon, “the team has proven capabilities demonstrated in the JAGM technology demonstration phase and enters the competition with an unmatched 3-for-3 record of success in the contractually required guided test vehicle flights.”

Raytheon will serve as the prime contractor on the bid.

“Our proven solution offers the warfighter cost-effective technology at the lowest possible risk, ” said Bob Francois, Raytheon vice president of Advanced Missiles and Unmanned Systems. “Our three successful JAGM government test shots prove the maturity of our missile system solution.”

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