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Sept. 9, 2016 / 9:36 AM

Raytheon receives $49 million U.S. Air Force Small Diameter Bomb contract

Deal exercises option on previously awarded contract for Increment II Lot 2 production.

Raytheon receives $49 million U.S. Air Force Small Diameter Bomb contract

Raytheon Missile Systems has been awarded a $49 million U.S. Air Force contract for work on the Small Diameter Bomb system. Image courtesy Raytheon

WASHINGTON, Sept. 9 (UPI) -- Raytheon Missile Systems has been awarded a $49 million U.S. Air Force contract for work on the Small Diameter Bomb system.

The fixed-price incentive firm contract exercises an option on a previously awarded contract for Small Diameter Bomb Increment II Lot 2 production.

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Work will be performed in Arizona and is expected to be completed by September 2018.

The Air Force Life Cycle Management Center is the contracting activity.

The Small Diameter Bomb II can fly more than 45 miles to strike mobile targets, reducing aircrew time in harm's way, Raytheon said.

The weapon's small size allows fewer aircraft to take out the same number of targets as previous, larger weapons that required multiple jets. .

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