Raytheon Gets Contract From U.S. Army

Raytheon, a technology company, said pre-market Monday that it received a $116.4 million contract from the U.S. Army. Raytheon will enter the technological maturation and risk reduction phase of the Long-Range Precision Fires program (LRPF). LRPF is a new, longer-range surface-to-surface weapon that can defeat fixed land targets out to 499 kilometers which replaces the existing “Army Tactical Missile System”.

The technological maturation and risk-reduction phase includes testing missile components to be sure the design is ready for engineering and manufacturing development and live-fire demonstrations by the end of 2019.

By Chris Robinson