Raytheon receives Paveway contract modification
Raytheon has received a contract modification from the US Air Force Life Cycle Management Center for the Paveway family of weapons.
The $386 million modification covers a total package approach for Paveway-specific activities including studies, production, certification, integration and sustainment.
The work involves foreign military sales to countries with active cases to acquire Paveway weapon systems, or have expressed interest in the Paveway family of weapons.
Raytheon’s Paveway laser-guided bomb converts ‘dumb’ bombs into precision-guided munitions. Newer versions of Paveway bombs include GPS/INS guidance capabilities, combining the accuracy and flexibility of traditional laser-guided weapons with the all-weather capability of GPS guidance.
Related Equipment in Defence Insight
More from Defence Notes
-
Leonardo CEO urges “speed as important as money” as joint ventures progress picks up
The company’s Q1 2025 results showed a 20% increase in new orders and a 15% increase in revenue across the business.
-
Rheinmetall vehicle sales almost double as European companies see continued growth
Results for Q1 2025 have been strong across the board for many defence companies in Europe with forward-looking statements and predictions for the full year also looking good.
-
Why is the defence market “exploding exponentially” for autonomous targeting capabilities?
Solutions that identify, engage and destroy targets with minimal or no human intervention are becoming critical on tomorrow’s battlefield.
-
Companies post mostly rosy results but warn of potential dark clouds
First quarter 2025 results have been dropping for companies in the past week but many of the US results come with a health warning in their forward-looking aspects about the potential impact of actions by the Trump administration.
-
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.