..:: India Strategic ::.. Record-setting bookings exceed $300 million for Raytheon’s Paveway program in 2007

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Record-setting bookings exceed $300 million for Raytheon’s Paveway program in 2007

Published : June 2008

TUCSON, Arizona. Raytheon Company was awarded more than $150 million worth of contracts in December for the combat-proven 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. Paveway’s latest version is also on offer to India.

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.

“Paveway provides our valued international partners a reliable, affordable and combat-proven family of weapons that can be easily integrated into the customer’s inventory,” said Harry Schulte, vice president of Raytheon Missile Systems’ Strike Weapons product line. “Both the EP2 and EP3 give our customers the capability to precisely strike a hardened target in any weather, thanks to the weapon’s dual-mode GPS/laser-guidance system.”

Raytheon Company, wi t h 2006 sales of $19.7 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world.

With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services.

Enhanced Paveway II (EP2) is an affordable all-weather dual mode GPS/laser-guided precision munition that has successfully been used in combat by the U.K.’s. Royal Air Force during Operation Southern Watch, Operation Enduring Freedom, and Operation Iraqi Freedom.

Like the EP2, the EP3 is an allweather dual mode GPS/laserguided precision weapon. EP3 has improved standof f range compared with the EP2 and is able to penetrate and destroy extremely hardened targets. The EP3 was successfully used in Operation Iraqi Freedom.

Raytheon has offered the latest Paveway technology to India‘s Ordnance Fac tor y Board for producing the bomb in India.