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U.S. Air Force Awards Raytheon $5.7 Million Contract Option for Maverick Missile Upgrades

Written by thomas · Filed Under Aeronautics News 

November 3, 2008

thomas

TUCSON, Ariz., Nov. 3, 2008 /PRNewswire/ –Raytheon Company (NYSE: RTN)
was awarded a $5.7 million contract option to upgrade software on the
AGM-65 H/K TV-guided Maverick air-to-surface missile.

“The software retrofit improves pilots’ ability to visually identify
and engage distant targets,” said Col. Eric Theisen, Air Combat Command’s
Advanced Programs division chief. “This translates into greater standoff
distance for the weapon and better survivability for the operator.”

The upgrades also provide the operator with more combat engagement
opportunities.

“The upgraded software reduces aircrew workload, while improving the
missile hit rate and accuracy,” said Harry Schulte, vice president of
Raytheon Missile Systems’ Air Warfare Systems’ product line. “The Maverick
has always been ideal for close air support missions; now it’s even
better.”

Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.

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