Raytheon gets USD31m Maverick missile contract

12 February 2014

Raytheon Company (NYSE: RTN) said it was awarded a USD31m contract from the Korean Defense Acquisition Program Administration for additional AGM-65G-2 Maverick missiles.

Under the direct commercial sale, Raytheon will supply the missiles to the Republic of Korea Air Force.

“These new Mavericks will provide the Republic of Korea Air Force with additional firepower and will add to South Korea´s existing inventory,” said Jack Roosa, Raytheon Missile Systems Maverick program director. “Raytheon remains committed to delivering superior weapons that support the mission of our allies and enhance their capability.”

Raytheon, with 2013 sales of USD24bn and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. The company is headquartered in Waltham, Mass. Its website is at www.raytheon.com and on Twitter @Raytheon.

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