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Raytheon Wins $422M for Paveway Laser, GPS Bombs; Taylor Lawrence Comments

Taylor Lawrence

Raytheon (NYSE: RTN) has won a $422 million contract to provide a set of bombs using laser and GPS technology for a direct commercial sale, the company announced Wednesday.

The sale came through a purchase of the Paveway family of munitions from an unidentified international customer.

Forty-three international customers have purchased Paveway, the company said.

Paveway is designed for warfighters in air-to-ground missions, said Dr. Taylor Lawrence, president of the missile systems business.

Raytheon has designed its newer versions of Paveway with GPS and intertial navigation systems, aiming to merge the capabilities of both laser-guided bombs and GPS guidance for different types of weather.

According to the company, Paveway laser-guided kits represent more than half the air-to-ground precision-guided weapons used in the wars in Afghanistan and Iraq, as well as the 2011 NATO air campaign in Libya.

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