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Raytheon Receives $23 Million Maverick Missiles Contract

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The Air Force gave Raytheon Co. [RTN] a $23 million undefinitized with firm fixed price contract for production of 70 Maverick Missiles and a guidance and control section. A unit at Hill Air Force Base, Utah, manages the contract. The Maverick is a tactical air-to-ground weapon for close air support that is employed against armor, ships, vehicles, fuel storage facilities and other targets. It employs an infrared guidance system.

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