Raytheon Secures Major Contract For Small Diameter Bomb Production
The US Air Force has awarded Raytheon a contract worth up to $708.9 million for the production of small diameter bombs, including all up rounds and containers. The contract is for Lot 12 and test equipment, and is part of the US military’s ongoing efforts to modernize its airpower capabilities. According to Aviation Week, the contract award is a significant development in the US defense industry, with implications for the supply chain and production of advanced munitions. The news was first reported by Aviation Week.