Raytheon wins $77 million U.S. Air Force contract for infrared-guided Maverick missiles

TUCSON, Ariz., 11 Sept. 2009. Raytheon Company won from the U.S. Air Force a $77.4 million Foreign Military Sales contract to produce AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for Korea and Taiwan.

The air, naval, and marine forces of 33 countries use the AGM-65 Maverick family of precision-attack missiles.

More than 69,000 missiles have been produced to date, and roughly 6,000 have been used in combat with a 93 percent kill rate.

"Integrated on more than 25 aircraft, Raytheon's Maverick is an affordable, combat-proven missile with a history of on-cost and on-schedule delivery," describes Harry Schulte, vice president of Raytheon Missile System's Air Warfare Systems' product line. "Maverick is a best-value solution for the warfighter who needs a direct-attack weapon."

Raytheon will build and provide life-cycle support for more than 250 new missiles. The company began production of the missile's R guidance and controlI sections in November 2008.