Asians buy $100M of Paveway munitions

March 5, 2008 at 5:12 PM

TUCSON, March 5 (UPI) -- Raytheon says it has already won $100 million in 2008 contracts for its Paveway munitions in Asia.

The company said in a recent statement that it "was awarded more than $100 million worth of contracts in the first two months of 2008 by countries in the Asia-Pacific region for the combat-proven Paveway family of precision-guided munitions. This comes on the heels of a record-setting $300 million worth of bookings for Paveway in 2007."

"The message is clear -- when war fighters want a direct-attack weapon they can count on, they choose Raytheon's Paveway," said Harry Schulte, vice president of Raytheon Missile Systems' Strike product line. "Raytheon's Paveway precision-guided munitions combine affordability with proven accuracy and reliability not found in other comparable weapon systems."

Raytheon said it had 2007 sales of $21.3 billion. The company describes itself as "a technology leader specializing in defense, homeland security and other government markets throughout the world."

"With a history of innovation spanning more than 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide," the company said.

"Enhanced Paveway II is an affordable, all-weather, dual mode GPS/laser-guided precision munition that has successfully been used in combat by the (British) Royal Air Force during Operation Southern Watch and Operation Enduring Freedom," Raytheon said.

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