Raytheon receives pair of military contracts

Raytheon Co. said today that it received a $24 million contract from the US Air Force for Paveway II laser-guided bomb components.

The contract, which was competitively awarded, represents the majority of the Air Force’s laser-guided bomb buy for overseas contingency operations, the defense contractor said.

Raytheon’s Paveway systems are designed to upgrade bombs into precision-guided weapons using laser and global-positioning guidance systems.

Separately, Raytheon said it received a $14.6 million contract to develop new image processing technology for the Advanced Distributed Aperture System.

ADAS gives helicopter pilots 360-degree situational awareness, making it easier for them to operate in low visibility conditions, Raytheon said.