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.
More from Defence Notes
-
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.
-
European Commission sets out first-ever European Defence Industrial strategy
The strategy set out by the Commission will aim to bolster Europe’s defence industry, foster innovation and strengthen international alliances.
-
Boeing fined $51 million due to unauthorised exports
An administrative settlement between the US Department of State and the manufacturer resolved 199 violations of US regulations including unauthorised exports of technical data to China.