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Wednesday, August 31, 2016

US Army awards Raytheon Long Range Precision Fires risk mitigation contract

TUCSON, Ariz.Aug. 23, 2016 /PRNewswire/ -- The U.S. Army has awarded Raytheon Company (NYSE: RTN) a $5.7 million risk-mitigation contract for the Long Range Precision Fires program.  The new missile will replace the Army's aging inventory of long range, surface-to-surface missiles. Fired from mobile launchers, LRPF will fly farther, faster, and feature a new warhead.

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