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Raytheon [RTN] has scaled down the basic technology of a guided missile into a projectile that can be fired from a standard 40mm grenade launcher.The new 17-inch Pike munition was successfully fired twice recently during flight tests at Mile High Resources, Texas. Both rounds landed within kill range of their targets after flying 2,300 yards, according to the company. The munition is accurate enough to be used against both fixed and slow-moving targets, J.R. Smith, Raytheon’s director of advanced land warfare…
