U.S. Army awards Raytheon $116.4 million contract for Long-Range Precision Fires technology maturation and risk reduction
TUCSON, Arizona — The U.S. Army awarded Raytheon Company (NYSE: RTN) a $116.4 million contract to enter the technological maturation and risk reduction phase of the Long-Range Precision Fires program. 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. […]