Raytheon Lands $200M Int’l Laser-Guided Bomb Contract; Richard Daniel Comments

Raytheon logoRaytheon‘s (NYSE: RTN) U.K. subsidiary will deliver $200 million worth of Paveway IV bombs to an unidentified international customer, the first sale of the weapon outside Britain.

“This contract is an export boost to the U.K., ” Richard Daniel, Raytheon UK CEO, said Friday.

The precision-guided Paveway bombs use laser and GPS for air-to-ground warfare and have been deployed for the 2001 Afghanistan and 2003 Iraq wars, as well as NATO’s air strikes on Libya in 2011.

Daniel said Raytheon UK builds the bombs at a manufacturing facility in Harlow and makes the guidance systems at an electronics facility in Glenrothes.

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