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Friday, October 17, 2014

US Navy awards Raytheon $49.5 million enhanced Laser Maverick production contract

AGM-65 MaverickThe U.S. Navy has awarded Raytheon Company a $49.5 million contract for production of new laser-guided Maverick missiles (AGM-65E2/L). The Navy also intends to exercise a contract option to purchase additional units bringing the total contract value to $54.9 million.

The Maverick weapon system, a U.S. Air Force (USAF)-led joint service program, is a forward firing, precision-guided, close air support missile. Maverick is effective against a wide variety of fixed, stationary, moving and maneuvering land and sea targets.

"The Navy has an operational need for increasing its inventory of this lethal and combat proven weapon," said Capt. Albert Mousseau Jr., U.S. Navy program manager, PMA-242. "Enhanced Laser Maverick enables warfighters to engage today's fast-moving, agile targets."

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