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South Korea awards Raytheon a $31 million missile contract

Feb. 12, 2014 at 1:46 PM   |   Comments

WALTHAM, Mass., Feb. 12 (UPI) -- South Korea has awarded Raytheon a $31 million contract for additional AGM-65G-2 Maverick missiles.

The contract was awarded by the Korean Defense Acquisition Program Administration under which Raytheon will supply the missiles to the Republic of Korea Air Force, Raytheon Co. said in a press release issued on Tuesday.

The AGM-65G-2 Maverick is a versatile precision-guided missile that is effective against a wide variety of fixed, stationary, moving and maneuvering targets both on land and sea.

With more than 7,800 launched in combat, the AGM-65G-2 Maverick is employed by the United States Air Force, Navy, Marine Corps, and allied nations on more than 25 variants of fighter aircraft.

The AGM-65G-2 Maverick features two warhead options: a 300 lb blast fragmentation or 125-pound shaped charge.

The AGM-65 Maverick is now the most widely produced precision-guided missile in the Western world and is effective against a wide range of tactical targets, including armor, air defenses, ships, ground transportation and fuel storage facilities.

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