Aerospace Group:

Army

Raytheon Awarded Contract For JAGM Guidance Section

By Cal Biesecker

Tuesday, December 4th, 2012

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Raytheon [RTN] yesterday said it received an Army contract consisting of two phases and valued at about $65 million to develop and deliver a next generation guidance section for Joint Air-To-Ground Missile (JAGM) continued technology Development (CTD). Raytheon is competing with Lockheed Martin [LMT] on the JAGM program. In August, Lockheed Martin received a not-to-exceed $64.15 million contract also for guidance section work (Defense Daily, Aug. 20). Due to funding issues, the program was restructured to move forward incrementally in…

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