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Raytheon Wins $65M in Contracts for GPS Anti-Jam Capability

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Raytheon Company (NYSE: RTN) received a contract from the U.S. Army's Aviation Missile Command to develop and deliver a next-generation guidance section for Joint Air-to-Ground Missile (JAGM) continued technology development (CTD). During the first four months of CTD, Raytheon will update its design and complete a delta preliminary design review. During the next 24 months, the team will focus on a critical design review, guidance section qualification and testing, and delivery of JAGM guidance sections.

CTD will culminate with U.S. Army integration of Raytheon JAGM guidance sections to currently qualified and fielded missile components, including the warhead, rocket motor and control actuation system. The total value of both contract phases is approximately $65 million.

The Raytheon team will leverage its low-cost, proven, uncooled tri-mode seeker now in development for the U.S. Air Force and U.S. Navy Small Diameter Bomb II (SDB II) program.

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