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Defense contractor was awarded a $171.2 million by the Air Force to develop 500 AGM-65 infrared-guided Maverick air-to-surface missiles. (Source)

The Air Force also awarded Raytheon a $57.4 million contract to develop the 750 Paveway III GBU-24A/B laser-guided bomb conversation kit, to be used with a MK-84 warhead. (Source)

Raytheon also received a $200,923,690 contract modification to continue developing 241 Evolved SeaSparrow Missiles and 47 shipping containers for the NATO SeaSparrow Consortium. (Source)

Earlier this month, Raytheon won a $160 million contract extension to continue working on the Block IIA Standard Missile 3 for the Missile Defense Agency, as well as a $17.2 million contract modification to assist with upgrades to South Korea’s Patriot Air and Missile Defense System.

 
>> The U.S. and Israel will engage in a joint missile defense exercise called Juniper Cobra next month, and the Jerusalem Post reports that the U.S. may leave the systems in place afterward. (Source)

Called the largest joint exercise between the two countries, the event will involve testing three ballistic missile defense systems. The Obama administration has turned its back on deploying missile defense shields to Poland and the Czech Republic, and it’s speculated that countries like Israel and Turkey will be alternative sites.

An Israeli defense minister said, “There is some sense in deploying additional systems [in Israel] since the US already has the X-Band radar in the Negev, storehouses with equipment and close cooperation with the IDF.”

>> Defense contractor Raytheon has developed the AN/SPY-5, a multitracking naval radar system that can search, detect, and track surface and air missiles.

Raytheon’s Charles “Tom” Bush said, “SPY-5 is an affordable, effective and reliable radar system that provides critical capabilities for naval forces around the globe. The radar delivers the capabilities of multiple radar systems to counter a broad range of threats in a single, cost-effective solution.” (Source)

In other Raytheon news, the U.S. Navy awarded the contractor a $151 million contract to make 186 Evolved SeaSparrow Missiles (ESSM) and a $210.3 million option to make 225 more missiles. (Source)

From the release:

“Deployed in the U.S. Navy and nine international fleets, ESSM defends the battlespace by delivering ship self-defense firepower against high-G maneuvering anti-ship cruise missiles as well as surface and low-velocity air threats.”

Finally, Raytheon has awarded a $55.7 million sub-contract to Intracom Defense Electronics, a Greek company, to make subsystems for launchers for Patriot air and missile defense systems. The projected completion date of the project is three and a half years. (Source)