Raytheon Paveway Sales at Record Pace

Raytheon Paveway Sales at Record Pace
Enhanced Paveway II

Raytheon Company received more than $150 million worth of contracts in December for its Paveway family of precision-guided munitions. The latest figures bring the total Paveway year-to-date bookings for 2007 to more than $300 million, a record for Raytheon’s Paveway program.

The contracts are a combination of direct commercial sales and foreign military sales and will provide customers in Europe and Asia with the Enhanced Paveway II (EP2) and the EP3 variants of the Paveway weapon system, which upgrade "dumb bombs" into precision-guided munitions.

Raytheon Company received more than $150 million worth of contracts in December for its Paveway family of precision-guided munitions. The latest figures bring the total Paveway year-to-date bookings for 2007 to more than $300 million, a record for Raytheon’s Paveway program.

The contracts are a combination of direct commercial sales and foreign military sales and will provide customers in Europe and Asia with the Enhanced Paveway II (EP2) and the EP3 variants of the Paveway weapon system, which upgrade "dumb bombs" into precision-guided munitions.

Both systems are all-weather, dual-mode GPS/laser-guided precision munitions that have been used by U.S. and UK forces in the Iraq and Afghanistan conflicts. According to Raytheon, the EP3 has improved standoff range compared with the EP2 and is able to penetrate and destroy hardened targets.

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