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Raytheon to Update AMRAAM Guidance Tech for US Air Force, Int’l Customers

Raytheon logoRaytheon (NYSE: RTN) has received a $104.6 million contract to refresh the guidance section of an advanced medium-range air-to-air missile for the U.S. Air Force and international customers.

The company will also provide new form, fit and function to the AMRAAM guidance section and perform work in Tucson, Arizona, through Feb. 28, 2017, the Defense Department said Monday.

Raytheon will deliver updated AMRAAM guidance technology to the Air Force as well as to the governments of South Korea, Saudi Arabia, Australia and Romania through DoD’s foreign military sales program.

AMRAAM’s active guidance system is designed to help aircrews find and destroy targets.

The Florida-based Air Force Life Cycle Management Center obligated $69.7 million at the time of award from fiscal 2015 Air Force production and 2016 Navy production funds.

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