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Lockheed Martin, Raytheon, Submit JAGM Proposals

By Cal Biesecker

Tuesday, June 7th, 2011

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Teams led by Lockheed Martin [LMT] and Raytheon [RTN] submitted their Joint Air-to-Ground Missile (JAGM) proposals yesterday, the same day as the deadline to respond to the government's Request for Proposals (RFP) for the next phases of the program. Raytheon is partnered with Boeing [BA] on the program. JAGM is to be the next-generation air-to-surface guided missile expected to replace the aging Airborne TOW, Maverick and Hellfire family of missiles for the Army, Navy and Marine Corps. On April 13,…

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