Raytheon Wins $106M Commercial Bomb Sale; Harry Schulte Comments

RaytheonLogoRaytheon (NYSE: RTN) has won a $106 million contract to provide two types of precision-guided bombs to an unidentified international customer through a direct commercial sale.

The order is for the Paveway II munitions family that uses laser and GPS technology, Raytheon said Thursday.

Harry Schulte, vice president of air warfare systems at Raytheon’s missile systems group, said international clients acquire Paveway to help protect warfighters and civilians.

This order includes both 500-pound and 250-pound weapons and the contract was booked in Raytheon’s second quarter of fiscal year 2013.

Newer versions of Paveway contain features of conventional laser-guided weapons and GPS guidance for differnet weather conditions, the company said.

Paveway bomb kits represent more than half the air-to-ground precision-guided munitions used in war operations overseas, according to Raytheon.

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