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Wednesday, July 30, 2008

Raytheon part of foreign missile sale

A Raytheon-Lockheed Martin joint venture has won a $155 million U.S. government contract to produce the Javelin anti-tank missile and command launch unit for the United Arab Emirates and Oman.

The joint venture expects to deliver the missiles to the UAE and Oman under the Foreign Military Sales program in the next 18 months.

The number of missiles involved in the sale was not immediately available.

The Javelin is a portable, precision guided missile system that can be operated by one soldier.

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