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Raytheon Gets $96M Air Force Decoy Missile Order

Raytheon (NYSE: RTN) has received a $96.1 million contract to produce 250 Miniature Air-Launched Decoy missiles for the U.S. Air Force.

The company said Tuesday that it will manufacture the MALD-J jamming variant of the missile that works to electronically stimulate and neutralize enemy air defense systems.

Mike Jarrett, vice president of Raytheon’s air warfare systems business, said the weapon is designed to help fighter pilots stay out of harm’s way.

The Air Force has completed MALD’s aircraft integration phase while the U.S. Navy plans to integrate the system onto the latter service’s fleet aircraft.

Raytheon has delivered 2,000 MALD systems to date.

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