Lockheed Martin and Raytheon lock-up contracts for Paveway and AMRAAM

Officials of the Air Force Life Cycle Management Center at Hill Air Force Base, Utah, announced a combined $649.7 million order to Lockheed Martin Missiles and Fire Control in Archibald, Pa., and Raytheon Missile Systems in Tucson, Ariz., for Paveway II guided bomb production. Officials of the Air Force Life Cycle Management Center at Eglin Air Force Base, Fla., meanwhile, announced a $104.6 million contract to Raytheon Missile Systems in Tucson, Ariz., to upgrade guidance on the Advanced Medium-Range Air-to-Air Missile (AMRAAM). Raytheon's AMRAAM contract involves foreign military sales to Korea, Saudi Arabia, Australia, and Romania.