Posted on 01/24/2011 5:59:35 AM PST by sukhoi-30mki
Saudis to buy $475M in Raytheon bomb kits
Raytheon has signed a contract worth $475 million to supply Saudi Arabia with Paveway bomb-guidance kits made by Tucson-based Raytheon Missile Systems.
The direct commercial sale "cements Raytheon's long-standing commitment to Saudi Arabian industry and keeps production lines operational in the U.S.," Raytheon said in a news release.
The company will partner with Saudi Arabian industry to fulfill the support-equipment portion of the contract, said Mike Jarrett, vice president of supply-chain management at Raytheon Missile Systems.
About 150 of Raytheon's Tucson-area employees work to design and produce the Paveway series of bomb kits, a company spokesman said.
First developed as a laser-guided system in 1968, the Paveway system transforms "dumb" bombs into precision-guided munitions. Newer versions add GPS satellite and inertial navigation guidance.
The type of Paveway kit and length of the contract was not disclosed.
Hezzbola will be very happy.
Perhaps the US based assembly plants can place a bit of bacon fat in each and every one.
Which country’s Eurofighter is that? I don’t recognize the flag emblem, if it is that.
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