Defense

Raytheon nabs $422 million precision-guided munitions contract

Raytheon Co. nabbed a $422 million precision-guided munitions contract, it announced.

The defense contract is for its Paveway GPS and laser-guided bomb technology, which are deployed by 43 customers. The company did not reveal who it closed the deal with, saying only it was a “direct commercial sale from an international customer.”

Separately, Raytheon was tapped for an $8.7 million award from the U.S. Air Force to develop a protected tactical military satellite communication system, the company said.  The contractor will design terminal components and support waveform development for the project.

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