Raytheon Selling $106 Million Worth of Smart Bombs

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On Thursday, Waltham, Mass.-based Raytheon reported that it has booked an order to sell $106 million worth of Paveway II smart bombs to ... somebody.

In a press release, Raytheon confirmed the award of the sizable order for kits to convert GBU-12 and GBU-58 "dumb" bombs into Paveway II smart bombs. The company further confirmed that the order was booked at some point in the second fiscal quarter (i.e., this one).

But Raytheon did not disclose to whom, specifically, it will deliver the munitions. Rather, Raytheon Missile Systems' Air Warfare Systems vice president Harry Schulte gave the cryptic comment: "Customers worldwide continue to select Raytheon's Paveway to protect their warfighters and citizens. This contract further demonstrates Raytheon's long-standing commitment to its international partners."


Whoever they might be.

The article Raytheon Selling $106 Million Worth of Smart Bombs originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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